Answer the followings questions 1. Tundes office building, located in Manchester, New Hampshire, was damaged by a fire caused by a careless tenant. After paying Tunde for the loss, the insurance company sued the tenant to recover its loss. This suit is based on the principle of: Group of answer choices a. insurable interest b. utmost good faith c. warranty d. subrogation 2. Your brother-in-law manages an insurance company portfolio of investments. Since he is aware that you are taking an insurance course he decides to ask you: All of the following statements about life insurance company investments are true except for? Your answer is: Group of answer choices a. Funds for these investments are derived primarily from premium income, investment earnings, and maturing investments that must be reinvested b. Income from these investments reduces the cost of insurance c. The majority of these investments are short-term investments d. A primary objective in making these investments is safety of principal. 3. In an ad hoc group discussion with college classmates, the topic of retention arises. Each of the following are considered to be potential advantages of retention except: Group of answer choices a. protection from catastrophic losses b. increased cash flow c. encouragement of loss prevention d. lower expenses 4. The Winthrop-Eraiser Gallery is housed in a large commercial building. The Gallery owners purchased a Commercial General Liability Policy containing no endorsements. All of the claims below would be covered under the policy except for: Group of answer choices a. An employee of the gallery accidentally started a fire that caused extensive damage to the building b. An artist sued the gallery for slander after an employee of the gallery said the artist's work looks like it was painted by an intoxicated monkey C. A customer is injured after falling on a slippery floor at the gallery. 3, d. A customer is injured when a painting falls from the wall and strikes the customer ABC