1. Describe the personal risk management process. 2. List four responses to managing risk. 3. Define a peril. 4. Define the three main types of hazard. 5. List some of the unique characteristics of an insurance contract. 6. What are three methods used to determine the amount of life insurance needed? 7. Discuss the characteristics of term life insurance. 8. Define the difference between own occupation and any occupation disability definitions and the associated coverage. 9. Discuss the coverage available under a homeowners insurance policy. 10. Define a personal automobile policy (PAP). 11. Discuss why there is a need for personal liability insurance. 12. Differentiate between noncancelable and guaranteed renewable