General Insurance Concepts (Adjusters) (PSI) 0 credits Take this Course Course Content Expand All | Collapse All Lessons Status 1 Definitions (Adjusters) (PSI) Common Insurance Terms (Adjusters) (PSI) Loss and Risk (Adjusters) (PSI) Types of Risk (Adjusters) (PSI) Hazard (Adjusters) (PSI) Exposure and Peril (Adjusters) (PSI) 2 Elements of Insurable Risks (Adjusters) (PSI) Due to Chance (Adjusters) (PSI) Definite and Measurable (Adjusters) (PSI) Statistically Predictable (Adjusters) (PSI) Not Catastrophic (Adjusters) (PSI) Large, Diverse Pool of Risks (Adjusters) (PSI) 3 Methods of Handling Risk (Adjusters) (PSI) Handling Risk (Adjusters) (PSI) Risk Sharing (Adjusters) (PSI) Risk Transfer (Adjusters) (PSI) Risk Avoidance (Adjusters) (PSI) Risk Reduction (Adjusters) (PSI) Risk Retention (Adjusters) (PSI) 4 Classifications of Insurers (Adjusters) (PSI) Ownership (Adjusters) (PSI) Authorization (Adjusters) (PSI) Domicile (Adjusters) (PSI) Reinsurance (Adjusters) (PSI) Types of Reinsurance (Adjusters) (PSI) 5 Elements of a Contract (Adjusters) (PSI) Consideration (Adjusters) (PSI) Competent Parties (Adjusters) (PSI) Legal Purpose (Adjusters) (PSI) Agreement (Adjusters) (PSI) Aleatory (Adjusters) (PSI) 6 Authority and Powers of Producers (Adjusters) (PSI) Law of Agency (Adjusters) (PSI) Producer Authority (Adjusters) (PSI) 7 Legal Interpretations Affecting Contracts (Adjusters) (PSI) Reasonable Expectations (Adjusters) (PSI) Indemnity Copy (Adjusters) (PSI) Warranties and Representations (Adjusters) (PSI) Good Faith (Adjusters) (PSI) Fraud (Adjusters) (PSI)