Chapter 1 Flashcards
1
Q
Pecuniary insurance is?
A
Covers intangibles such as legal expenses
2
Q
The growth and ease of intermediaries is due to what?
A
Electronic Data Interchange (EDI)
3
Q
Non insurance service are what?
A
Legal advice and emergency repairs
4
Q
What is the primary function of household insurance
A
Risk transfer to an insurer for an agreed sum
5
Q
What is the name for insurance through bank or building society
A
bancassurance
