10 2 points The process that evaluates all risks of the organization and measures the frequency and severity of each risk is known as: Risk retention OOOO Principal agent analysis Risk benchmarking Risk profiling 11 2 points Which of these elements are NOT part of a typical insurance contract: Conditions Exclusions OOOO Salutations Declarations 12 2 points All risks are not insurable. Identify the feature that does not meet the requirement of a risk that is perfectly suited for insurance: The number of similar exposure units is small. The probability distribution of losses can be determined. The losses that occur are accidental. Losses are definite (well defined)