The Possibility That a Loss Will Occur Is A/an ___________

question 22

Multiple Choice

The possibility that a loss will occur is a/an ___________.

• A) insurance policy
• B) risk
• C) claims-made policy
• D) liability

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Definitions:

Legally Sufficient

Adequate to meet the required standards of law, usually referring to evidence or grounds for action.

Denney v. Reppert

A legal case demonstrating the principle that a reward can only be claimed by those who have knowledge of the reward offer before completing the actions required for the reward.

Bank Robber

An individual who illegally steals money or valuables from a bank, typically through the use of force, threat, or deceit.

Past Actions

Refers to actions or decisions taken in the past that have potential implications or effects in the present or future.