IL. Fill in the blanks before each item in column A with the corresponding letters in column B. A B 1. major types of risks A. kind of life policy providing protection for a specified time like one or two years 2 pure risk B. one that has a cash value that fluctuates according to the yields earned by a separate fund 3. risk assumption C. for use as a fringe benefit for employees 4. fire and allied risks D. losses due to liability claims of third parties 5. term life insurance E. an insurance which covers sea perils of ships and cargoes 6. a variable life policy E. covers employee dishonesty 7. reason why firms G. risks that may be covered purchase life policies by non-life policies B. risk confronting small H. speculative risk and pure firms risk 9. ocean marine insurance 1 threat of loss with no chance of profit 10, fidelity bond setting aside an amount periodically to cover possible losses1. Fill in the blanks. 1. refers to the uncertainty about loss or Injury. 2. The major types of risks are speculative risk and 3. assets and people. is an organized strategy for protecting and conserving is a method of dealing with risk wherein the source of risk is eliminated. 5. refers to the steps undertaken to lessen the likelihood of a loss. 6. is a method of dealing with risk wherein the risk is shifted to another company, for a fee. policies are those that cover risks of losing one's life, dis- ability, or sickness. 8. A insurance policy provides the beneficiary of a stipu- lated sum when the assured dies, 9. Marine insurance may be classified as either ocean marine or 10. bond protects the SBO against losses suffered as a result of dishonesty on the part of employees