Do you have a Property and Casualty insurance exam that is coming up? Play this 'Property and casualty insurance trivia quiz' to review your knowledge regarding the same. Insurance companies are one way in which we get to cover people from accidents, fire, and even theft. Some policies protect people from being advised by such companies, and one needs to know them. Take up the practice test below and see how well you will fair. All the very best!
Pro-rata basis
Short rate basis
Retroactive basis
Coinsurance basis
Cancellation
Nonrenewal
Separation
Exclusion
Sequential loss
Liability loss
Employee theft
Loss of use
Property
Casualty
Liability
Auto
Speculative risk
Pure risk
Gambling
Created risk
Property
Casualty
Earthquake
Theft
Chance of loss
Certainty of loss
Financial loss
Sentimental loss
Liability
Indemnity
Exposure
Subrogation
Named insured
First named insured
Mortgagee
Husband
At the time of application
On the policy date
At the time of loss
At the time of claim settlement
Stock
Mutual
Foreign
Alien
Domestic company
Nonadmitted company
Alien company
Foreign company
Admitted
Domestic
Unauthorized
Risk retention group
Domestic
Foreign
Alien
International
The premium and the statements on the application.
The insurer's method of evaluating the applicant for coverage.
The screening process all agents undergo prior to licensing.
The sidebyside policy comparison by the applicant.
Aleatory
Adhesion
Unilateral
Conditional
Settled contract
Aleatory contract
Contract of adhesion
Personal contract
Doctorine of warrenties
Doctorine of representations
Doctorine of utmost good faith
Doctorine of reasonable expectations
Fraud
Warrenty
Misrepresentation
Concealment
Interim insuring agreement
Application
Counteroffer
Endorsement
Part of the insured's consideration is the premium.
Part of the insured's consideration are the statements on the application.
Part of the company's consideration is the promises in the policy.
Part of the company's consideration is the payment of a claim.
Contract of adhesion
Conditional contract
Unilateral contract
Aleatory contract
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Here's an interesting quiz for you.