casualty

Front

Insurance is

Back

Transferring the insured’s uncertain risk to an insurance company

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

Front

To restore the insured to the condition they enjoyed prior to a loss is called

Back

Indemnity

Front

The duties and obligations of the insured and insurer are found

Back

Insuring agreement

Front

This would require the insured to assign all rights of recovery from

Back

Subrogation

Front

Which bond covers the loss of securities by an employee?

Back

Securities

Front

If your automobile was stolen, what part of the policy covers their

Back

Other than collision

Front

Who would buy a surety bond?

Back

Principal

Front

Which of the following coverages are optional?

 

Uninsured Motorist

 

Underinsured Motorist

 

Medical Payments

 

Liability

Back

Liability

Front

burglary is false?

 

Covers mysterious disappearance from inside a covered vault

 

Covers robbery of a custodian inside the premises

 

Covers robbery of a messenger outside premises

 

Covers the robbery of property other than money and securities

Back

Covers mysterious disappearance from inside a covered vault