Alberta General Insurance Level 1 Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Ace your Alberta General Insurance Level 1 Exam with our comprehensive practice quiz. Tailored to mimic the real test, our quiz offers detailed explanations, expert tips, and all you need to succeed. Start your path to becoming a licensed professional today!

Start Multiple Choice Practice Test
Start Flash Cards

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What does frequency of loss measure?

  1. The amount of money lost in claims

  2. How often losses occur

  3. The time it takes to process a claim

  4. The number of policies sold

The correct answer is: How often losses occur

The frequency of loss is a measure of how often insurance claims are made. Option A is incorrect because it refers specifically to the amount of money lost, not how often it happens. Option C may be a factor in the frequency of loss, but it is not the definition of it. Option D is also incorrect because it measures the number of policies sold, not how often losses occur.

More Questions Like This