Virginia Property And Casualty Quiz

10 Questions | Total Attempts: 123

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Virginia Property And Casualty Quiz - Quiz

The Virginia property and casualty quiz is a quiz specially for the residence which is Virgina. Let us help you prepare for all your questions in your coming real estate exams or even more. Take this quiz on Virginia Property and casualty quiz and be intrigued.


Questions and Answers
  • 1. 
    What is the process of transferring losses?
    • A. 

      Paying off debt

    • B. 

      Spreading the risk amongst a larger people

    • C. 

      A term in economics

    • D. 

      None of the above

  • 2. 
    What kind of risk has uncertain outcome?
    • A. 

      Monetary

    • B. 

      Distributive

    • C. 

      Speculative

    • D. 

      None of the above

  • 3. 
    Which of these is a type of hazard?
    • A. 

      Mutual

    • B. 

      Accidental

    • C. 

      Physical

    • D. 

      Emotional

  • 4. 
    What's the transfer of risk from insurer to insured?
    • A. 

      Risk transfer

    • B. 

      Insurance

    • C. 

      Indemnity

    • D. 

      None of the above

  • 5. 
    What is known as no loss, no gain.
    • A. 

      Insurance

    • B. 

      Good faith

    • C. 

      Indemnity

    • D. 

      None of the above

  • 6. 
    What is Casualty insurance?
    • A. 

      Insurance against money loss

    • B. 

      Insurance of non-property assets

    • C. 

      Insured

    • D. 

      None of the above

  • 7. 
    What presents the possibility of losses?
    • A. 

      Exposure

    • B. 

      Casualty

    • C. 

      Insurance

    • D. 

      None of the above

  • 8. 
    What's the uncertainty of financial loss?
    • A. 

      Risk

    • B. 

      Gain

    • C. 

      Motive

    • D. 

      Motion

  • 9. 
    What is risk management?
    • A. 

      Checking if risk is insurable

    • B. 

      Risk insurance

    • C. 

      Risk Protection

    • D. 

      All of the above

  • 10. 
    What type of assets is property?
    • A. 

      Insurable

    • B. 

      Not insurable

    • C. 

      Movable

    • D. 

      Liability

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