POL California Insurance Code and Ethics: General California Insurance Law

What do individuals use to transfer heir risk of loss to a larger group?

Insurance

Which type of insurance includes the assumption of contractual obligation to reimburse the insured against all or a portion of his fees, costs, and expenses related to or arising out of services preformed by or under the supervision of an attorney who is an active member of the bar of any jurisdiction or jurisdictions of the United Sates.

Legal Insurance

Insurance is the transfer of:

Risk

Which type of insurance guarantees or indemnifies of real or personal property or the holders of liens or other interested parties against loss or damage suffered to said party?

Title Insurance

According to the California Insurance Code, which of the following can be classified as an insurable event?

Unknown losses

What method do insures use to protect themselves against catastrophic loss?

Reinsurance

The type of insurance that guarantees the behavior of persons and the performance of contracts other than insurance policies is known as:

Surety Insurance

What is reinsurance?

An agreement between a ceding insurer and assuming insurer.

All of the following are insurable events as defined n the Insurance Code EXCEPT:

An insured loses a large sum in a poker game.

A contract which one party undertakes to indemnify another against loss is called?

Insurance

Insurance is a contract by which one seeks to protect another from:

Loss