Which of the Following Insurance Type Is Strictly Intended to Provide

question 55

Multiple Choice

Which of the following insurance type is strictly intended to provide only insurance in the event of death?

• A) Whole life
• B) Term
• C) Universal life
• D) Variable life

Identify different types of estates in land and their characteristics.

Analyze the implications of land rights, including right of way, on property ownership.

Discuss the legal issues surrounding fixtures in real estate.

Examine the process and legal requirements in both the Registry System and Land Titles System in Canada.

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Definitions:

Risk Management

The identification of all exposure to financial loss of a business and includes the selection of techniques to manage those exposures; The Joint Commission defines risk management in health care as “clinical and administrative activities undertaken to identify, evaluate, and reduce the risk of injury to patients, staff, and visitors and the risk of loss to the organization itself.”

Financial Loss

Occurs when the value of an asset decreases or expenses surpass income, leading to a negative financial outcome.

Exposures

Contact with potentially harmful physical, chemical, or biological agents, either inadvertently or in a controlled manner for scientific study.

Malpractice

A failure by a professional to provide services with the competently expected level of skill or care, resulting in harm or injury to a person.