Risk Management Quizzes | Trivia Quiz for Practice

76. The ratemaking function in a life insurance company is performed by ...............

1. production sales management
2. insurance department
3. actuarial department
4. underwriter

77. Which type of coverage pays for damages intentionally caused by another person, such as breaking a windshield in a parking lot?

1. Property damage liability coverage
2. Comprehensive coverage
3. Collision insurance
4. Product liability coverage

78. defective products is an example of which loss exposure

1. property loss exposure
2. human resource loss exposure
3. crime loss exposure
4. liability loss exposure

79. The law of large numbers can be applied more easily to ...............than speculative risk

1. Pure Risk
2. Objective Risk
3. Acceptable Risk
4. Subjective Risk

80. A lien can be placed on ones income and financial assets to satisfy a legal judgment. This results in ...............

1. pure risk
2. liability risk
3. dynamic risk
4. acceptable risk