Answer T and F

**Answer it's T or F

1. Insurance is a risk treatment method that is best used for losses that happen frequently, and of which the severity is low. (T/F) 2. An insurance contact is aleatory, which means that the values exchanged between the insured and insurer are not equal. (T/F) 3. During an insurance hard market condition, a Company's Risk Manager would prefer to obtain more insurance coverages and renegotiate existing terms. (T/F)