True or false

3. Insurance fraud is an example of a morale hazard.

____ 4. Indemnification allows someone to financially gain from an insurance property loss settlement.

____ 5. Stock Insurance Companies are always more stable than Mutual Insurance Companies.

____ 6. Insurance Company Guaranty Funds are regulated by the states.

____ 7. Reinsurance expands the capacity of the primary insurance company.

____ 8. Whenever a large organization decides to organize an insurance company to handle its specific risk management needs, the company is known as a Captive Insurance Company.

____ 9. The average age of those employed in the insurance industry is the late 30s.

____ 10. When faced with the possibility of loss, Insurance is designed to provide a neutral outcome if and when the loss occurs.