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Question 1 of 20
1. Question
Which of the following is not an insurable risk?
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Question 2 of 20
2. Question
Gambling is a good example of:
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Question 3 of 20
3. Question
Risk Is
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Question 4 of 20
4. Question
Insurers achieve a spread of risk by doing which of the following?
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Question 5 of 20
5. Question
Fortuitous means …
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Question 6 of 20
6. Question
An exceptionally high standard of honesty is implied by which of the following…
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Question 7 of 20
7. Question
Which of the following is a moral hazard?
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Question 8 of 20
8. Question
The main purpose of insurance is
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Question 9 of 20
9. Question
The proximate cause is
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Question 10 of 20
10. Question
Which of the following are types of Insurable Risks?
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Question 11 of 20
11. Question
The insurance relating to operations such as retail stores is known as
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Question 12 of 20
12. Question
Moral hazard refers to:
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Question 13 of 20
13. Question
For an organization to achieve peace of mind it must operate within its tolerance level for uncertainty, which is the
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Question 14 of 20
14. Question
The post-loss objective for a business that cannot survive even a few days of downtime is
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Question 15 of 20
15. Question
The major financial responsibility for an organization following a loss is to
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Question 16 of 20
16. Question
Which of the following is both a pre-loss objective and a post-loss objective of risk management?
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Question 17 of 20
17. Question
Regular inspection and testing of machinery, safety training programs and safety guards on machinery are
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Question 18 of 20
18. Question
When a broker/agent employs risk management techniques in working with a client, the
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Question 19 of 20
19. Question
An organization that complies with its contractual obligations and meets its commitments to customers has sound practices in place to meet the pre-loss objective of
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Question 20 of 20
20. Question
When an organization reduces the probability of loss to zero, it has successfully implemented the loss control technique of
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