Risk GLobal Chapter 5

Under risk management which of the following steps are most likely taken by financial advisor and client?

The insurance policy taken by a client who owns property in several territories least likely

Which of the following statement is correct?

Selecting a life insurance policy require:

Which risk management technique is followed by a person who is not doing things that expose one to risk?

If a person is employing strategies to reduce the likelihood or the severity of loss caused by a particular risk he is most likely doing

If an individual takes insurance he most likely manages risk by:

If the probability of risk occurrence is low and the cost of loss is small he most likely manages such risk by:

Under risk management process after determining all the risk and fund require to cover the risk and cost involve in covering risk the client though has limited fund to pay the cost of risk cover what should the advisor most likely do:

Which of the following statement is incorrect?

“—-is the process an insurer uses to decide whether it wants to accept a risk and the company always maintains the right of rejection

When different insurance companies share the risk by purchasing insurance policy from other insurers to limit their own total loss refer to:

Which of the following is least likely related to reinsurance?

Which of the following primary risk management strategies intends to retain the risk but reduce the likelihood of financial impact?

Divya is keen to buy a life insurance policy and is looking for a right kind of insurance agent for this purpose. Which amongst the following is the most valuable criteria to be considered by Divya for selecting a good insurance agent?

The benefits of a group insurance scheme apply uniformly to all the individuals. Which one of the following statements correctly describe a feature of a group insurance scheme offered by the employer?

Manisha is determining whether to work for an insurer as an advisor. She would also like to be sure of the company’s persistency relative to the industry. Which of the following correctly reflects the feature of persistency of the insurer?