Wisconsin |! P&C |! Checkpoint |! Exam |!
Questions |! with |! precise |! detailed |!
solutions
ABC |! Insurance |! is |! licensed |! to |! sell |! insurance |! in |! Wisconsin. |! When |! a |! company
|! is |! licensed |! in |! a |! state, |! it |! is |! considered |! - |! Correct |! answer |! ✔admitted
Susan |! decides |! to |! drive |! fast |! in |! a |! horrible |! snowstorm |! because |! she |! knows |! that
|! if |! she |! gets |! in |! an |! accident |! that |! her |! insurance |! will |! cover |! her. |! This |! is |! an |!
example |! of |! - |! Correct |! answer |! ✔a |! morale |! hazard
A |! bulk |! mail |! insurance |! advertising |! brochure |! sent |! by |! the |! insurer |! to |! every |!
home |! in |! one |! zip |! code |! is |! an |! example |! of |! - |! Correct |! answer |! ✔direct |! response |!
marketing
Insurance |! is |! a |! contract |! that |! - |! Correct |! answer |! ✔transfers |! the |! risk |! of |!
financial |! loss |! from |! an |! individual |! to |! an |! insurance |! company
In |! an |! insurance |! contract, |! the |! second |! party |! is |! - |! Correct |! answer |! ✔the |! insurer
At |! the |! state |! level, |! the |! government |! is |! involved |! in |! - |! Correct |! answer |!
✔providing |! unemployment |! insurance
