AZ General Insurance Take this Course Course Content Expand All | Collapse All Lessons Status 1 Definitions Common Insurance Terms Loss and Risk Types of Risk Hazard Exposure and Peril Law of Large Numbers 2 Elements of Insurable Risks Due to Chance Definite and Measurable Statistically Predictable Not Catastrophic Large, Diverse Pool of Risks 3 Methods of Handling Risk Handling Risk Risk Sharing Risk Transfer Risk Avoidance Risk Reduction Risk Retention 4 Classifications of Insurers Distribution Systems Ownership Authorization Domicile Reinsurance Types of Reinsurance Other Insurers Financial Status 5 Authority and Powers of Producers Law of Agency Producer Authority 6 Elements of a Legal Contract Consideration Competent Parties Legal Purpose Agreement 7 Insurance Contract Characteristics Aleatory Contract of Adhesion Personal Contract Unilateral Contract Conditional Contract 8 Legal Interpretations Affecting Contracts Ambiguities in a Contract of Adhesion Reasonable Expectations Indemnity Utmost Good Faith Warranties and Representations Fraud Waiver and Estoppel
