General Insurance Flashcards by Qing Yang | Brainscape

Q

Relationship between Risk and Premium

A

Direct correlation between risk and premium. The tester the risk, the greater the premium.

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Q

What does Personal Lines include?

A

Homeowners
Personal auto
Other things owned by individuals

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Q

What is included in commercial lines?

A

Commercial auto
Property and liabilities
Commercial crime

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Q

Methods of handling risk

A

Avoidance
Retention
Transfer
Reduction
Sharing

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Q

Elements of insurable risks

A

1) accidental
2) measurable
3) predictable
4) one unit in a large enough pool of units that the law of large numbers allows for prediction of loss
5) not be catastrophic in nature
6) generate a reasonable and affordable rate

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Q

Parties of reinsurance

A

Reinsurer- selling to ceding insurer

Ceding insurer - sells primary policies to individuals or companies

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Q

Types of reinsurance contracts

A

1) facultative insurance

2) treaty resinruance

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Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

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Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

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Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

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Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

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Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

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Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

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Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

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Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

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Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

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Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

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Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

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Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

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Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

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Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

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Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

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Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

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Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

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Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

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Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

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Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal

Q

Name the three standard fire perils

A

1) fire
2) lightning
3) debris removal