1. The loss exposure resulting from a flood is a speculative risk. ( T / F ) 2. In the process of pooling, actual losses of exposure units are substituted by the average loss of the group. (T / F ) 3. Adverse selection can result from smokers who obtain health insurance at standard rates. ( T / F ) 4. Unemployment benefits are provided by private insurers. ( T / F ) 5. Estimating the chance of loss associated with premature death is an objective probability. ( T / F )