Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
9 Cards in this Set
- Front
- Back
- 3rd side (hint)
Hazard |
condition or situation that creates or increases a chance of loss. , ex, icy roads, driving while intoxicated |
|
|
Physical |
poor health , overweight, blind |
|
|
Moral |
dishonesty, drugs, alcohol abuse |
Moral |
|
Morale |
careless attitude - reckless driving , jumping off a cliff, stealing, racing motorcycles, carefree, careless lifestyle |
careless |
|
Loss |
the unintentional decrease in the valuse of an asset due to a peril |
|
|
Peril |
immediate , specific event which causes loss, such as an earthquake or tornado, or an accident itself peril can be referred to as |
|
|
Risk |
the potential for loss |
|
|
Speculative risk |
is a risk that presents both the chance for loss or gain. Gambling is an example. Speculative risks are not insurable |
|
|
Pure Risk |
is the only insurable risk and present a potential for loss only, such as injury, illnes , and death |
|