You have a small store that you operate out of a rented building. Your lease on the building runs for another 5 years and calls for you to pay an annual rent of $40,000. When a fire destroys the building, the lease is terminated and you go looking for a new space to rent. You are horrified to discover that the going lease rate for a building of approximately the same size and location is $90,000 per year. Since you never realized how the lease rates in your area had increased, you are forced to pay the additional $50,000 per year, for the next 5 years, out of your own pocket. This situation is an example of which of the following? funded reserve O active retention passive retention unfunded reserve In 2017, Carolyn paid a $1,000 auto insurance premium and did not have any losses. Likewise, in 2018, Carolyn paid another $1,000 premium and had no losses. However, in 2019, Carolyn paid her $1,000 premium and totaled her car in an accident, with the insurer paying her $40,000. These outcomes illustrate what characteristic of insurance contracts? the contracts are conditional the contracts are personal the contracts are unilateral the contracts are aleatory