6. A race car driver accidentally fell asleep while racing This lead to a car craeh and the loss of the car and the driver's life. What is the hazard in this case? a. Physical hazar b. Morale hazard. d. Legal hazard. 7. Insurance companies attempt to spread the losses of the fow across the entire group. This process allows them to cover the losses of their customers while generating a profit. This process is known as: a. Pooling of losses. b. Payment of fortuitous losses. c. Risk transfer. d. Indemnification. 8. Before deciding whether a product is insurable or not an insurance company must assess whether its possible to identify the cause, time and place of a loss. This is known as: a. Large number of exposure units. b. Calculable chance of loss. c. Economically feasible premium. d. Determinable and measure. 9. A race car driver accidentally fell asleep while racing. This lead to a car crash and the Io of the car and the driver's life. What is the peril in this case? a. Car crash. b. Falling asleep. c. Not sleeping enough. d. Fast race car