1. Elements of insurable RISKS include all the below, EXCEPT: Pick one Large Numbers (predictable) Definite & Measurable Loss Must be Catastrophic Due To Chance
• Large Numbers (predictable) • Definite & Measurable Loss • Must be Catastrophic • Due To Chance
2. What are the three "basic types of Hazard"? P , M , and M
3. Among the various means of handling risk, the deductibles are considered Risk R .
4. Risk A is not a practical way to handle risk.
5. Life insurance is the method of T risk.
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