In which of the following situations would you be taking a pure risk?

		Buying gold futures when the price of gold is very low
		Purchasing shares of a small cap health care company
		Short selling stock
		All of the above
		None of the above

Which of the following losses are not insured by a typical Homeowners Insurance Policy?

		Damage to your home caused by a neighbour
		Damage to your home caused by your pet
		Damage to your home caused by a friend who breaks and antique vase while admiring it
		Damage to your home caused by you while you are drunk

3.

You have private health insurance with a 25% coinsurance factor and total claims for the year of $3,000. Your insurance company will:

		pay $3,000 for the claims
		pay $2,250 for the claims
		pay $750 for the claims
		only pay your claim if you meet the coinsurance requirement

4.

If a worker is permanently injured and cannot return to work, the benefit that recognizes that there is a loss beyond wage loss, is called:

		Loss of Earnings Benefit
		Proportionate Disability Benefit
		Non-Economic Loss Benefit
		Permanent Disability Benefit

5.

Which of the following features does universal life insurance provide that the other type of life insurance policies do not?

		A death benefit
		Low premiums
		No evidence of insurability
		Flexibility

6.

Which of the following government plans does not provide income protection due to ill health?

		Workers Compensation
		Employment Insurance
		Social Insurance
		Canada Pension Plan