Category: Questions and Answers

  • Insurance Principles Questions and Answers

      1. Match each word below with its appropriate definition. 1. Risk –———           A. Increases the chance of loss 2. Insurance        ——-   B. A means of transferring the riskof loss 3. Peril        ————    C. The chance of loss 4. Hazard ————– D. The cause of loss 2. Which of the following represent pure risks? A. […]

  • Insurance Principles Questions and Answers

      1. Match each word below with its appropriate definition. 1. Risk –———             A. Increases the chance of loss 2. Insurance         ——-   B. A means of transferring the riskof loss 3. Peril        ————          C. The chance of loss 4. Hazard ————–       D. The cause of loss 2. Which of the […]