Insurance Concepts And Principles Flashcards
0
Q
What adequately describes reassurance
A
When an insurance company buys insurance
1
Q
What part of the policy contains the promises made by the insurance company to the insured
A
The insuring agreement
2
Q
The limits of liability are found in which sections of the casualty policy
A
Declaration section
3
Q
At first selection occurs when
A
No attention is given to underwriting
4
Q
The conditions section of the insurance contract sets forth the
A
Rules of conduct for the insured and the insurance company
5
Q
The purpose of the declaration section of the insurance policy is to list
A
List persons and property covered
