1. Subrogation exists in the following insurance or situation except: a. employees' compensation insurance b. ex-gratia payment c. fire Insurance d. marine hull insurance 2 The financial result of Whole-Food Grocery Store has been deteriorating due largely to a great increase in shoplifting losses. The risk manager investigated the situation and found that whilst the frequency of shoplifting losses was high, the extent of loss per incident was relatively low. Which of the following is the most appropriate risk management technique/ combination of risk management techniques to apply to this problem? a. avoidance b. legal action c. loss control and retention d. transfer loss through insurance 3 The introduction of level premiums has made provisions for the following features except: a. cash value/surrender option b. paid up C. policy loan d. convertible term