Quizzer Page for: Understanding Pension Plans & Insurance           Register & Pay for this Lecture Now 

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Answer the next 9 questions in the boxes provided
1. What is the "basic rule of insurance"?


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2. Define risk in the insurance sense.


3. What is the role of the "ability to predict" in insurance?

 

4. Explain the coinsurance concept.


5. What are defined contribution plans?


6. What is an insurable interest and why is it key to the concept of insurance?


7. What issues are treated in the exclusion section of an insurance policy?

8. Risk management is the underlying factor in all insurance.


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9.  The insurance policy embodies the entire agreement between the insured and the insurer.

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