QUESTION 11 Which one includes a hazard and a peril? Fire and Rain Wet floors and Oily Rags Lightning and Spoilage A&C None of the Above QUESTION 12 Exclusive Agents have a greater responsibility to the Person paying the premium The firm that holds their appointment, The state regulator departments The person that can approve the acceptance of the submission None of the Above There are many types of risk but insurance only can insure which type Cumulative Adverse Speculative Predictable None of the above QUESTION 10 The degree of Objective Risk is a Will predict the profit an Insurance company can make on a given set of risks Method to identify what risks should be excluded in a group of exposures System to separate hazards and penis in a given amount of exposures Underwriting formula to predict the rates to charge a risk None of the Above