Tennessee State Property & Casualty Licensing Study guides, Class notes & Summaries
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Tennessee State Property & Casualty Licensing Exam Rated A+
- Exam (elaborations) • 14 pages • 2024
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Tennessee State Property & Casualty 
 
Licensing Exam Rated A+ 
 
Physical Hazard hazard that arises from the property itself 
 
Morale Hazard person driving crazy because they have insurance 
 
Moral Hazard create a loss situation to collect from insurance company 
 
Aleatory contingent on a certain event that provides for unequal transfer of value between 
parties 
 
Contract of Adhesion one party has greater power over the other in the contract 
 
Class 1-Frame outside support walls, roof and...
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