1. Select another one of your loss exposures and describe it here:

2. How do you plan to finance the financial impact of that loss if it occurs?

3. Complete the chart below, explaining how this exposure does or does not meet the characteristics of an ideally insurable risk.

Requirements	Explain how the exposure meets each characteristic.
1.Large number of exposure units
2.Accidental and unintentional loss
3. Determinable and measurable loss
4. No catastrophic loss
5.Calculable chance of loss
6.Economically feasible premium

2. Consider your own personal auto insurance situation
   1. What insurance company do you (or your parents) have your auto insurance with?

2. Refer to Learning Objective 3.11 (slide #27 in the Unit 3 PPT). Which type of private insurance company did you name in part a of this question? Explain how you determined which type it is.

3. Refer to Learning Objection 3.16 (slide #46). Which distribution system did you (or your parents) go through to purchase the personal auto policy?

a. Select another one of your loss exposures and describe it here: b. How do you plan to finance the financial impact of that loss if it occurs? c. Complete the chart below, explaining how this exposure does or does not meet the characteristics of an ideally insurable risk. Explain how the exposure meets each characteristic. Requirements 1.Large number of exposure units 2.Accidental and unintentional loss 3. Determinable and measurable loss 4. No catastrophic loss 5.Calculable chance of loss 6.Economically feasible premium 2. Consider your own personal auto insurance situation a. What insurance company do you (or your parents) have your auto insurance with? 6. Refer to Learning Objective 3.11 (slide #27 in the Unit 3 PPT). Which type of private insurance company did you name in part a of this question? Explain how you determined which type it is. c. Refer to Learning Objection 3.16 (slide #46). Which distribution system did you (or your parents) go through to purchase the personal auto policy? a. Select another one of your loss exposures and describe it here: b. How do you plan to finance the financial impact of that loss if it occurs? c. Complete the chart below, explaining how this exposure does or does not meet the characteristics of an ideally insurable risk. Explain how the exposure meets each characteristic. Requirements 1.Large number of exposure units 2.Accidental and unintentional loss 3. Determinable and measurable loss 4. No catastrophic loss 5.Calculable chance of loss 6.Economically feasible premium 2. Consider your own personal auto insurance situation a. What insurance company do you (or your parents) have your auto insurance with? 6. Refer to Learning Objective 3.11 (slide #27 in the Unit 3 PPT). Which type of private insurance company did you name in part a of this question? Explain how you determined which type it is. c. Refer to Learning Objection 3.16 (slide #46). Which distribution system did you (or your parents) go through to purchase the personal auto policy