Determining the actual cash value of a car is based on the fair market value of the car at the time of loss. Select one: O True O False Insurance is a risk treatment method that is best used for losses that rarely happen, and of which the severity is high. Select one: True False An insurance contact is aleatory, which means that the values exchanged between the insured and insurer are not equal. Select one: O True O False During an insurance hard market condition, a Company's Risk Manager would prefer to obtain more insurance coverages and renegotiate existing terms. Select one: O True O False Non insurance transfers are considered a risk control method. Select one: O True O False