When a fortuitous event occurs The insurance company will deny the claim It is not an insurable event The loss control and risk manager will avoid this exposure The insurance company will respond to the claim None of the above QUESTION 23 If you choose to raise your deductible and your premium lowers enough to offset your potential out of pocket cost in the event of a claim you should Take the higher deductible Stay with your current deductible Lower your current deductible Shop among other insurance carriers None of the above QUESTION 24 Characteristics of an insurable Risk are all the below excel Large numbers of similar items Accidental and unintentional losses Losses that should be catastrophic Determinable and measurable risks