Multiple Choice
Concern about the replacement value is considered in which principle of a sound insurance program?
A) Identify business risks that can be insured.
B) Secure insurance coverage for all major potential losses.
C) Consider the feasibility and affordability of insuring smaller potential losses.
D) Review and evaluate.
Correct Answer:
Verified
Correct Answer:
Verified
Q92: Match the term with its definition.<br>-Ways of
Q93: As a rule, only _ risk is
Q94: Match the term with its definition.<br>-The possibility
Q95: Self-insurance simply means having no insurance.
Q96: A contractual clause that requires one party
Q98: For a person to be found guilty
Q99: Business interruption insurance covers<br>A) debts to suppliers.<br>B)
Q100: Match the term with its definition.<br>-Designating part
Q101: Match the term with its definition.<br>-Compensatory damages
Q102: Match the term with its definition.<br>-Making funds