Elements of Insurable Risks (Adjusters) 2020
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Question 1 of 5
1. Question
Jose wants to buy an insurance policy that will reimburse him if there is “bad weather” next week Saturday. He is having a hard time finding an insurance company that will sell him such a policy. Why?
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Question 2 of 5
2. Question
Johnny has a bad driving history including many accidents and drunk driving convictions. Why did ACME Insurance company deny his application for insurance?
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Question 3 of 5
3. Question
Which of the following is an element of insurable risks?
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Question 4 of 5
4. Question
On the homeowners insurance policies that Splendid Insurance Company sells, it excludes (does not cover) damage caused by wars and floods. Why?
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Question 5 of 5
5. Question
Totally Terrific Insurance Company sells many different insurance products to many different people throughout all 50 states. Which element of insurable risks is this insurer satisfying?
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