You should now know the answers to the following questions. Answer them and then click below to check your response.

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1. Elements of insurable RISKS include all the below, EXCEPT:

• 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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