The following statements are either true or false or somewhere in between.

1. _______ In an occurrence policy, the company on the risk when the harm occurred must cover the claim.
2. _______ Speculative risks are insurable.
3. _______ Westwood Apts LLC was an additional insured on Banta Properties Inc.s policy.
4. _______ An additional insured is covered by a policy even though it is not the named insured.
5. _______ The Banta family was an additional insured on the Banta Properties policy.
6. _______ The premium is the cost of the risk retention.
7. ________ The deductible is the cost of the risk retention.
8. _______ The principle of indemnity keeps the insured from profiting from an insurance policys benefits.
9. _______ A contractual obligation to purchase insurance on behalf of another grants to the purchaser an insurable interest in the covered property or person.
10. _______ Insurance will follow an involuntarily transferred interest in real property.
11. _______ Intentionally harmful conduct is not insurable because the risk of loss in in the control of the insured.
12. _______ According to SD law, an insurable interest is required in reinsurance contracts.