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Exam fX – Insurance Exam Questions and Answers (Solved)

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Exam fX – Insurance Exam Questions and Answers (Solved)

What are the methods of managing risk? {{Ans- Avoidance , transfer, sharing,retention,and reduction

 

What do individuals use to transfer their risk of loss to a larger group {{Ans- Insurance

 

According to the Law of Agency , who represents the principal {{Ans- Agent or producer

 

What is the consideration on the part of the insurer {{Ans- A promise to pay in the event of a loss

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[Solved] Exam fX – Insurance Exam Questions and Answers (Solved)

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  • Submitted On 28 Nov, 2022 01:03:16
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Exam fX – Insurance Exam Questions and Answers (Solved) What are the methods of managing risk? {{Ans- Avoida...
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