The Life and Health Insurance Exam Cram Sheet
This cram sheet contains the distilled key topics that are likely to appear on your licensing exam. Review this information as the last thing you do before entering the test room, paying special attention to areas in which you feel you need the most review. You should also review the glossary for a complete listing of definitions of terms included on the exam.
Introduction to Insurance
• Peril is a cause of loss, such as an accident, fire, or flood.
• Insurers use the law of large numbers to predict how many losses will occur in a group of individuals. The larger the group, the more predictable the future losses will be for a given time period.
• Not all risks are equally insurable. Insurable risks ...
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