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Personal Financial Planning

Business

Quiz 7 :

Principles of Risk and Insurance

Quiz 7 :

Principles of Risk and Insurance

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Collision, fire, hurricane, and theft are examples of:
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Answer:

C

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A formal program of risk retention for an individual that takes on the insurance company's role in order to cover the individual's risk is:
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D

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The selection of an insurance company includes all of the following except:
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B

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All of the following are Methods of Settling a Loss except:
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Which of the following is not an example of a Static risk?
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Intramural sports are an example of which of the following:
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Elements of the Risk Management Process are: I. Analyze and evaluate potential economic loss exposures. II. Develop and present recommendations. III. Implement risk management plan. IV. Monitor the risk management plan.
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An insurance company's appointment of an agent to act on its behalf is an example of:
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