Exam M05 Topic 1 Question 20 Discussion

Actual exam question for CII's M05 exam
Question #: 20
Topic #: 1
Which of the following best defines an insurance contract?

Suggested Answer: B Vote an answer

An insurance contract is an agreement where one party (the insurer) agrees to compensate another (the policyholder) for financial losses arising from specific risks, in exchange for regular payments (premiums).

by Dora at Jan 25, 2026, 07:42 AM

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