What is the primary role of an insurer in an insurance relationship?
Understanding Insurance: Key Concepts and Relationships

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Business, Health Sciences, Biology
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To suffer costs and damages
To identify specific types of risks
To mitigate risks for the insured
To pay premiums to the insured
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the insured provide to the insurer in exchange for coverage?
A detailed insurance policy
Premium payments
A list of contingent risks
A promise to indemnify
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a key characteristic of an insurance contract?
The insured's employment details
The insured's health status
The insurer's financial history
Contingent risks and limits of coverage
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of an occurrence that might be covered by an insurance policy?
Winning a lottery
A vehicle accident
A job promotion
A vacation trip
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the relationship between the insurer and the insured in the context of insurance?
The insurer provides loans to the insured
The insured manages the insurer's investments
The insured offers legal advice to the insurer
The insurer covers risks for the insured
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