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