QUESTION 33 To implement and review is one step in the risk management process, why is it of value to the Insured? It insures the customer is current of potential changes to their exposures It allows the insurance company to change and adjust premiums Up before renewal The agent can work to find different carriers and coverage to make more commissions All of the above None of the above QUESTION 34 Adverse selection is when The insurance company may pick up the more hazardous and risky policyholders The choice of insurance is limited to a few firms Reinsurance is used to reduce the claims Policyholders possess a knowledge unavailable to the insurer None of the above