Speculative risks Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Speculative risks? On this page you'll find 1343 study documents about Speculative risks.
All 1.343 results
Sort by
-
Texas Property & Casualty Insurance License Exam With Accurate Answers 2023
- Exam (elaborations) • 7 pages • 2023
- Available in package deal
-
- $8.49
- 3x sold
- + learn more
Texas Property & Casualty Insurance License Exam with Accurate Answers 2023 
 
In order to be considered legally binding, an insurance contract must include all of the following - Offer and acceptance. 
Competent parties. 
Consideration 
(The four essential elements of all legal contracts are offer and acceptance, consideration, legal purpose, and competent parties.) 
 
With respect to a bonded contractor who defaults on a construction performance contract, which of the following statements is...
-
ARM 400 Exam Questions and Answers 100% Verified
- Exam (elaborations) • 19 pages • 2024 Popular
- Available in package deal
-
- $12.49
- 2x sold
- + learn more
ARM 400 Exam Questions and Answers 
100% Verified 
what two things lie at the base of every risk management concept - answerthe intersection 
of different types of risk 
a method for identifying, assessing, and treating all risks 
traditional risk assessment techniques focus on what - answerroot cause analysis - which 
identifies a loss's predominant cause 
what is wrong with Root Cause Analyses - answerit can only look backward and might not 
catch all root causes 
what are the 3 steps in how b...
-
Florida 2-15 Insurance Questions And Answers
- Exam (elaborations) • 24 pages • 2023
- Available in package deal
-
- $12.99
- 3x sold
- + learn more
In the insurance business, risk can best be defined as: 
 
A. sharing the possibility of a loss 
B. uncertainty regarding the future 
C. uncertainty regarding financial loss 
D. uncertainty regarding when death will occur - Answer- C. The concept of insurance developed from the need to minimize the adverse effects of risk associated with the probability of financial loss. 
 
Which of the following risks is insurable? 
 
A. pure risks 
B. gambling 
C. speculative risks 
D. investing - Answer- A....
-
RSK2601 MCQ EXAM PACK 2024
- Exam (elaborations) • 183 pages • 2023
-
- $2.85
- 34x sold
- + learn more
TEST BANK 
Enterprise Risk Management 
S - The Marketplace to Buy and Sell your Study Material 
1 
RSK2601 TEST BANK 
Question 1 
Which one of the following is a benefit of effective risk and opportunity management? 
1) Improved profit certainty 
2) Increased shareholder value 
3) Increased stakeholder confidence Correct option 3 
4) Lower economic returns 
Explanation 
Improved cost certainty, sustainable shareholder value, increased stakeholder confidence and 
higher economic returns...
-
LOMA 281: Meeting Customer Needs with Insurance Annuities (A+ Guaranteed)
- Exam (elaborations) • 22 pages • 2023
- Available in package deal
-
- $7.99
- 1x sold
- + learn more
Assume you're applying for a life insurance policy. During his presentation, the insurance agent makes the following statements. Are they all true? (Select all that apply.) 
 
a. People buy insurance to reduce the financial risk they face but not every type of risk is insurable. 
 
b. both pure risks and speculative risks are insurable. 
 
c. most life insurance policies are valued contracts, which state at the time of policy issue the time amount of the benefit payable when the insured person ...
As you read this, a fellow student has made another $4.70
-
CA Life Insurance Exam Questions and Answers 100% Pass
- Exam (elaborations) • 27 pages • 2023
- Available in package deal
-
- $9.99
- 9x sold
- + learn more
CA Life Insurance Exam Questions and Answers 100% Pass What is meant by referring to an insurance policy as a unilateral contract? Only one party makes a legally enforceable promise. 
When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? At all times. 
Any situation that presents the possibility of a loss is known as a loss exposure 
Which of the following information is not required to be communicated in a Life insurance contract? Personal ...
-
CA PSI Site - Life, Accident and Health Agent Examination (Life Agent) with Complete Solutions
- Exam (elaborations) • 19 pages • 2023
- Available in package deal
-
- $11.49
- 2x sold
- + learn more
CA PSI Site - Life, Accident and Health Agent Examination (Life Agent) with Complete SolutionsCA PSI Site - Life, Accident and Health Agent Examination (Life Agent) with Complete SolutionsAdmitted Insurance Company vs. Non-Admitted Insurance Company - ANSWER-An admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (CDI) 
 
A non-admitted insurance company is not authorized to transa...
-
AIDA 182 (Latest 2023/ 2024 Update) Risk and Insurance Analysis Techniques Exam | Questions and Verified Answers| 100% Correct| Grade A
- Exam (elaborations) • 40 pages • 2023
- Available in package deal
-
- $10.99
- 1x sold
- + learn more
AIDA 182 (Latest 2023/ 2024 Update) Risk and Insurance Analysis Techniques Exam | Questions and Verified Answers| 100% Correct| Grade A 
 
Q: What is true of diversifiable versus non-diversifiable risk? 
 
 
Answer: 
Diversifiable risks are not correlated and can be managed through diversification or spread of risk. 
 
 
 
Q: A company's fleet of cars is worrying the managers liquidity of the company and fuel prices having an adverse effect is which type of risk quadrant? 
 
 
Answer: 
Financia...
-
California Life PSI Site - Life, Accident and Health Agent Examination (Life Agent) Questions and Answers (2022/2023) (Verified Answers)
- Exam (elaborations) • 34 pages • 2023
-
- $9.99
- 1x sold
- + learn more
California Life PSI Site - Life, Accident and Health Agent Examination (Life Agent) Questions and Answers (2022/2023) (Verified Answers) 
Admitted Insurance Company vs. Non-Admitted Insurance Company - (Correct Answer) An admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (CDI) 
 
A non-admitted insurance company is not authorized to transact insurance in California because of fa...
-
CA PSI Site - Life, Accident and Health Agent Examination (Life Agent)| Questions with 100 % correct Answers | Verified
- Exam (elaborations) • 8 pages • 2023
- Available in package deal
-
- $16.99
- 2x sold
- + learn more
Admitted Insurance Company vs. Non-Admitted Insurance Company - An admitted insurance 
company is authorized to transact insurance in California because it has a Certificate of Authority 
granted by the California Department of Insurance (CDI) 
A non-admitted insurance company is not authorized to transact insurance in California because of 
failing to comply with California requirements or did not seek admission 
Pure Risk vs. Speculative Risk - Pure risks are insurable but Speculative risks ar...
-
CPCU 500 Exam Questions and Answers 2023
- Exam (elaborations) • 2 pages • 2023
- Available in package deal
-
- $9.49
- 7x sold
- + learn more
Risk - Answer- the uncertainty about outcomes, with the possibility that some of the outcomes can be negative. Quantified by knowing the probability of the possible outcomes 
 
Probability - Answer- the likelihood that an outcome or event will occur. Probabilities are stated as a decimal figure, a percentage, or a fraction. 
 
What are the 2 elements associated with risk? - Answer- uncertainty of outcome + possibility of negative outcome 
 
Pure Risk - Answer- a chance of loss or no loss, but no...
How did he do that? By selling his study resources on Stuvia. Try it yourself! Discover all about earning on Stuvia