1 Identify the ideal strategy for a hard market.

A Self Insurance

B RIsk Avoidance

C Risk Transfer

D Reinsurance

E Insurance with copayment

2 In the insurance industry, identify the consequence of having a low combined ratio.

A Tightening of underwriting standards

B Stringent redlining standards

C Relaxed actuarial process

D Loose underwriting standards

E Decreased amount of cash that can be invested