The possibility that a loss will occur is a/an ___________.
A) insurance policy
B) risk
C) claims-made policy
D) liability
Correct Answer:
Verified
Q1: A contract in which the insurer agrees
Q2: A policy that covers all claims that
Q3: Under an insurance policy with a coverage
Q4: In the above lawsuit, the insurance carrier
Q5: An insurance policy contains the elements of
Q7: A hospital can be found liable for
Q8: Insurance carriers in some states are prohibited
Q9: Insurers do not, as a rule, provide
Q10: Insurance companies are required by the laws
Q11: The basic underlying concept of insurance is
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