Texas Property & Casualty Insurance Exam Questions with Verified Solutions (420 Questions) Update

Texas Property & Casualty Insurance Exam Questions with Verified Solutions (420 Questions) Update
Question : A condition or situation that presents a possibility
of loss is a (an):
CORRECT ANSWER: exposure
Question : The purpose of insurance is to:
CORRECT ANSWER: transfer risk
Question : Which hazard can be described as a careless
attitude or general indifference on the part of the insured
toward the occurrence of loss?
CORRECT ANSWER: morale
Question : Which risk is insurable?
CORRECT ANSWER: pure
Question : With regard to insurance, risk can be defined as:

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