The Lusaka Prime Cooperative is a member based organization and ownership is by way of shares. Funds collected from members are invested in any assets and sold on credit to members. The financial statements included disclosure of assets such as Motor vehicles, Bicycles, Motor cycles, land and buildings. The organization is required by law to reserve 25% of profits to a capital reserve. 20% of the capital reserve is meant for training of the committee and members. The governing committee has purchased land amounting to K 10 million which is about 30 % of capital contributed. The committee made contact with an uncle residing in the village where the land is situated. You also informed that K 245,000.00 was spent on training while K 590, 000 was reflected in financial statements as the transfer to reserves. Funds have been lent out amounting to K 17.5 million. The organization made profits amounting to K 2,500,000.00. Required: A. What three (3) types of key information that Management of a Cooperative must submit together with the application for insurance, to the Insurance Underwriter to demonstrate measures taken by management aimed at mitigating losses. (10 marks) B. Describe three (3) ways methods that this organization can protect its members from suffering financial losses that may arise from inept management. (5 marks) C. You have been appointed as the Risk Manager and having analyzed the data above, you are required to outline and describe three (3) irregularities from the data given above. (5 marks) D. Describe three (3) characteristics of insurable losses. (5 marks)