CPAS Review # 3 - Bus. Fundamentals

goods and services that a nation produces and then sells to other nations

insurance that provides financial protection from losses from a death during a definite period 

contract of insurance describing the terms and coverage and premiums and deductibles

covers damage or injuries for which YOU are responsible

protection against uncertain risk

permanent insurance that extends over the entire lifetime of the insured

coverage that protects insured against all damage to automobile except collision & rollover

risks that may result in gain OR loss

business owned by two or more

person named in an insurance policy to receive the insurance benefits

business owned by one person

the amount the insured must pay before the insurance company pays a claim

a policyholder's request for payment for a loss that their insurance policy covers

the amount a policyholder must pay for insurance coverage

causes of loss, such as fire, wind, or theft