Alabama health insurance Study guides, Class notes & Summaries

Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. - correct answer Pure The chance of loss without any chance of gain is called ___________ - correct answer Pure Risk has the possibility for gain or loss and is not insurable. - correct answer Speculative Risk is defined as the chance of loss. - correct answer Risk A condition that could result in a loss is known as - correct answer Exposure is something that increa...

Alabama Health Insurance Exam Questions & 100% Correct Answers Alabama Health Insurance Exam Questions & 100% Correct Answers Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. - ANSWER - Pure The chance of loss without any chance of gain is called ___________ - ANSWER - Pure Risk has the possibility for gain or loss and is not insurable. - ANSWER - Speculative Risk is defined as the chance of loss. - ANSWER - Risk ...

Pure - correct answer Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - correct answer The chance of loss without any chance of gain is called ___________ Speculative Risk - correct answer has the possibility for gain or loss and is not insurable. Risk - correct answer is defined as the chance of loss. Exposure - correct answer A condition that could result in a loss is known as Hazard - correct answer ...

Peril Types associated with accident and health insurance - correct answer sickness accidental injury sickness - correct answer first deems itself when policy is in force accidental injury - correct answer Unforeseen and unintended injury that resulted from an accident rather than a sickness type of policies for health insurance - correct answer medical expenses loss of income due to disability dental expense long term care Aleatory Contract - correct answer The exchange of value...

Pure - Insurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - The chance of loss without any chance of gain is called ___________ Speculative Risk - has the possibility for gain or loss and is not insurable. Risk - is defined as the chance of loss. Exposure - A condition that could result in a loss is known as Hazard - is something that increases the chance of loss. Physical Hazard - The presence of a _____________ ...

Pure - ANSWERSInsurance is defined as the transfer of ______________ risk to the insurance company in consideration for a premium. Pure Risk - ANSWERSThe chance of loss without any chance of gain is called ___________ Speculative Risk - ANSWERShas the possibility for gain or loss and is not insurable. Risk - ANSWERSis defined as the chance of loss. Exposure - ANSWERSA condition that could result in a loss is known as Hazard - ANSWERSis something that increases the chance of loss. ...

Alabama Life and Health Insurance Exam (7 Sets of Exam’s) Qs & As (2023 / 2024) (Verified Answers) Alabama Life and Health Insurance Exam (7 Sets of Exam’s) Qs & As (2023 / 2024) (Verified Answers)

Alabama Life and Health Insurance Final Exam (4 Sets of Final Exam’s) Qs & As (2023 / 2024) (Verified Answers) Alabama Life and Health Insurance Final Exam (4 Sets of Final Exam’s) Qs & As (2023 / 2024) (Verified Answers)

Alabama Life and Health Insurance XCEL Testing Solutions Questions and Answers [2023 - 2024] (Verified by Expert) Alabama Life and Health Insurance XCEL Testing Solutions Questions and Answers [2023 - 2024] (Verified by Expert)