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All insurance is based on a principle called? |
A. premium earnings. Division of Risk. And it's so BLATANTLY OBVIOUS that you either need to build your vocabulary, or read the book. You should not be asking questions to your exam right now. Yoou have several exam type questions being posted right now. That is called cheating! I hope this is not how your very short career will go! If you do not know the answer to this or the other question on your exam, you are very unprepared. Also, what kind of agent will you be if you are willing to cheat? i hope to god you do not become an agent!!! i feel bad if you do for any of your future clients. Division of Risk - As insurance companies will generate income via premiums that would be used to cover expenses, profits and losses that should occur in a claim. When a claim does come in it affects premiums for all |
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