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.
Help!
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| All Risk Coverage | show 🗑
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| show | The obligation that one party has in relationship with another one to act entirely on the other party's behalf and best interest
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| Hazard | show 🗑
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| Insurance Agent | show 🗑
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| show | An insurance intermediary ( go-between) that represents the insured rather than the insurer
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| Insurer | show 🗑
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| Intentional Acts | show 🗑
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| Loss | show 🗑
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| Moral Hazard | show 🗑
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| show | Implies a certain indifference to loss simply because of the existence of insurance
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| Named Perils Coverage | show 🗑
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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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| show | Transaction in which one party, the "reinsurer", in consideration of a premium paid to it, agrees to indemnify another party, the "reinsured", for part or all of the liability assumed by the reinsured under a policy it has issued.
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| show | Uncertainty arising from the possible occurrence of events
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| Risk Classification | show 🗑
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| show | Uncertainty about an event under consideration that could produce either a profit or loss
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| Strict Liability | show 🗑
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| Tort | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
jcmartinez,jm4
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