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Insurance Definition Part 2

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
All Risk Coverage   show
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Fiduciary Responsibility   show
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show Conditions that increase the probability of loss  
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Insurance Agent   show
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Insurance Broker   show
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Insurer   show
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Intentional Acts   show
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show The basis of a claim for damages under the terms of a policy and loss of assets resulting from a "pure risk"  
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Moral Hazard   show
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Morale Hazard   show
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show Policies that provide coverage only for loss caused by the perils specifically listed as covered  
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show The failure to use a reasonable degree of care under a given set of circumstances  
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show Cause of loss  
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show Material, structural, or operational features of a business that may create or increase the opportunity for injury or damage  
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Pure Risk   show
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Reinsurance   show
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Risk   show
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show Defined classes based on the probability of loss  
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show Uncertainty about an event under consideration that could produce either a profit or loss  
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show A legal doctrine that holds a party responsible for their actions or products, regardless of fault  
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show A civil or private wrong giving rise to legal liability  
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Created by: jcmartinez,jm4
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