Question 1020 of 303 · California Life-Only Agent Exam
Which term describes a possible exposure to loss that a person or business faces?
Exactly one answer is correct.
You got of questions right. Here on the question pages nobody remembers which ones you got wrong. The trainer saves your progress and asks the mistakes again until they stick.
Or free: the 10 questions most people get wrong
Show solution
Correct answer to question 1020
- B: Loss exposure
Explanation
A loss exposure is a situation that presents the possibility of loss. The other terms relate to insurer finances and claims.
More questions: Basic Insurance Concepts and Principles
- 1021The term insurable interest means that the policyowner
- 1022Which of the following best describes the relationship between a hazard and a loss?
- 1023An insurer that sells a large number of similar policies is relying on which concept to make costs predictable?
- 1024Profitable distribution of exposures means that an insurer
- 1025Which statement about a risk that is ideally insurable is correct?
- 1026A person who buys a lottery ticket is taking