Question 1005 of 303 · California Life-Only Agent Exam
In insurance terminology, a peril is best defined as
Exactly one answer is correct.
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Correct answer to question 1005
- C: the cause of a loss, such as fire, theft, or death
Explanation
A peril is the immediate cause of loss. A hazard is a condition that increases the chance of loss, and the loss itself is the result.
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