71. A state law requires individuals suffering injury or loss from an automobile accident to be reimbursed by their own insurance companies. What type of insurance is this?
72. Which of following statement is correct 1) According to captive model an insurance company market its products almost exclusively through the distribution channels of its banking parent. 2) According to partnership model, the insurance company distributes its products partly, though not exclusively through a banking channel.
73. Which of the following is the advantage of reinsurance for insurer? 1. Insurer can share his risk with other insurance. 2. It reduces the situation of certainty by distribution of risks among other insurers
74. 1. Risk can be eliminated without an adverse effects on the goals of an individual or business probably should not be avoided. 2. self insurance is another way of mixing risk retention & risk transfer. Which of the above statement is false.
75. Costs for injury or death due to hazards at the work place are covered under ..................insurance
76. The ratemaking function in a life insurance company is performed by ...............
77. Which type of coverage pays for damages intentionally caused by another person, such as breaking a windshield in a parking lot?
78. defective products is an example of which loss exposure
79. The law of large numbers can be applied more easily to ...............than speculative risk
80. A lien can be placed on ones income and financial assets to satisfy a legal judgment. This results in ...............
MCQ Multiple Choice Questions and Answers on Risk Management
Risk Management Trivia Questions and Answers PDF Online
Risk Management Question and Answer
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