1. (3 points) Assume Mindy's Mutual Insurance Company writes a property insurance policy on Mr. Jones' home for $150 million. Mindy's Mutual then contacts the Colorado Insurance Company to reinsure half of this exposure ($75 million). a. In this example, which company is the primary insurer? b. In this example, which company is the reinsurer? C. If a total loss occurred to Mr. Jones' home, how much would the reinsurer be responsible for? 2. (3 points) Avoidance is a risk control technique. a. What is the major advantage of using avoidance as a technique in a risk management program? b. Is it possible or practical for a firm to avoid all potential losses? Explain your answer. 3. (1 point) What does the term indemnity mean? Define this term as we discussed it in class. 4. (1 point) With what "famous marketplace" did NFL football player Troy Polamalu insure his hair? 5. (2 points) Other than Troy Polamalu, provide two more examples of celebrities who insure a unique risk. You will recall we discussed several in class and you read about a number of others. To receive credit, you must indicate both the celebrity and the risk insured