
casualty
Flashcard
•
Business
•
Vocational training
•
Practice Problem
•
Hard
Stephanie Traverse
Used 1+ times
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93 questions
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1.
FLASHCARD QUESTION
Front
Insurance is
Back
Transferring the insured’s uncertain risk to an insurance company
2.
FLASHCARD QUESTION
Front
The deductible is the amount of loss the insured pays. The purpose of this deductible is to
Back
Minimize small nuisance claims and keep premiums down
3.
FLASHCARD QUESTION
Front
To restore the insured to the condition they enjoyed prior to a loss is called
Back
Indemnity
4.
FLASHCARD QUESTION
Front
The duties and obligations of the insured and insurer are found
Back
Insuring agreement
5.
FLASHCARD QUESTION
Front
This would require the insured to assign all rights of recovery from
Back
Subrogation
6.
FLASHCARD QUESTION
Front
Which bond covers the loss of securities by an employee?
Back
Securities
7.
FLASHCARD QUESTION
Front
If your automobile was stolen, what part of the policy covers their
Back
Other than collision
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