Note: If you have explored each question in this short demonstration you will have noticed that with just three short questions you have been exposed to 15 screens of drill and practice. The Redding Method guides you through the learning process making learning as easy as possible.

 

3. What are insurance binders? (p.13)

a. .The chance of financial loss which could impact the insured or business in a large way without insurance.

b. An Insurance Policy means a written contract of, or written agreement for, or affecting insurance.

c. Insurance may be placed into effect, or "bound" prior to the actual issuance of the policy contract.

d. Property insurance is any insurance wherein payment by the insurer will be directly to the insured. Liability insurance means payment will be made on the behalf of the insured to another based upon the insured's liability.

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