Alberta General Insurance Level 1 Practice Exam

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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!

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.

Which of the following best describes loss-prevention activities?

Investment strategies
Underwriting policies
Activities like fire prevention and safe driving
Legal actions against claims

The correct answer is: Activities like fire prevention and safe driving

Loss-prevention activities are any measures taken to minimize the risk of loss. B and D do not accurately describe such activities. Investment strategies refer to ways of managing financial resources, while legal actions against claims would handle situations after a loss has already occurred. A fire prevention program or teaching drivers safe driving habits are examples of activities that aim to decrease the likelihood of loss happening. These measures are preventive and proactive in nature, which aligns with the concept of loss-prevention activities.