Benefit of the policyholders

1.Risk is best defined as

Chance of loss Certainty of loss Financial loss Sentimental loss

2.Being subject to a loss is

Liability Indemnity Exposure Subrogation

3.The ranking insured in a personal lines contract is the

Named insured First named insured Mortgagee Husband

4.To be paid a claim under a p&c contract, insurable interest must exist

At the time of application On the policy date At the time of loss At the time of claim settlement

5.This type of company is run for the benefit of the policyholders

Stock Mutual Foreign Alien