True or false

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

__T__ 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.

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

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