True or False. Indicate if the statement is True (T) or False (F). Each part is worth one-half of one point.

T F a. After increasing for several years, cost of risk has been declining the last two years.

T F b. There are many diverse employment opportunities in the insurance industry.

T F c. Insurance is regulated primarily at the federal level, not at the state level.

T F d. Silos are an impediment to adoption of an enterprise risk management program.

T F e. Several risk treatment measures can be applied simultaneously to the same loss

exposure.

T F f. Planned inspections are likely to be more effective in risk identification than are

unplanned inspections.

T F g. Other insurance provisions apply when a loss is covered by more than one insurance

contract.

T/F