New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    What is accumulation hazard?

    A The potential for a single event to cause a large number of losses. Correct Answer Incorrect Answer
    B The increase in risk due to aging equipment Correct Answer Incorrect Answer
    C The impact of inflation on insurance premiums Correct Answer Incorrect Answer
    D The difficulty of accurately assessing the value of insured property Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    accumulation hazard is the potential for a single event to trigger numerous losses.

    Practice Next