ARKANSAS STATE EXAM FOR PROPERTY AND

CASUALTY EXAM AND FINAL PRACTICE EXAM

LATEST ACTUAL EXAM 450 QUESTIONS AND

CORRECT DETAILED ANSWERS (VERIFIED

ANSWERS) |ALREADY GRADED A+

What is Insurance?

Transfers the risk of loss from individual to insurance co.

What is Risk?

Chance of loss occuring

What are 3 types of Hazzards?

Physical, Moral, Morale

What is a Peril?

Causes of loss insured against

What does Indemnify mean?

Right for Reimbursement but only to the extent of the loss. Cannot gain

from loss.

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jordancarter 7 months ago

This study guide is clear, well-organized, and covers all the essential topics. The explanations are concise, making complex concepts easier to understand. It could benefit from more practice questions, but overall, it's a great resource for efficient studying. Highly recommend!

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