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i need help with these questions please. All Of Them. Subject: Principles of risk and insurance 6. All the following are under Troperty und tawaliy
i need help with these questions please. All Of Them.
6. All the following are under Troperty und tawaliy insurance coverage I XCYi'T A. Vood insurance 11. Pire insurance C. Crime insurance D. Life insurance 7. ..r.w.ess Refers to characteristies of the legal system or regutatory environment that increase the frequency or severity of losses. . Plyysical hazard B. Attitudinal hazard C. Legal hazard D. Moral hizard 8. From the standpoint of the insurer, which of the following is a characteristic of an ideally insurable risk? A. The loss must be intentional. B. There must be a small number of unique loss exposures. C. The chance of loss must be caleulable. D. The loss must be indeterminable. 9. Assume that two business owners cach own an identical storage building valued at $100,000. Assume there is a 11 percent chance in any year that cach building will be destroyed by a peril, and that a loss to either building is an independent event. The expected annual loss for each owner is A- 5000 B. 3600 (C) 11000 D. 4500 10............ is the worst loss that could happen to the firm during its lifetime A- loss prevention (B) The maximum possible loss C-L.oss frequency D. Risk Management 11. Refers to measures that reduce the severity of a loss after it oceurs. A- L.oss prevention B- Loss reduction C-Avoidance D. All of the above Subject: Principles of risk and insurance
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