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Chapter 1 - Principles Of Insurance

Question 1 of 3

Q1 . Which of the following is a hazard as opposed to a peril?

Q2 . Benson Pharmaceutical Company decides not to manufacture a new drug after determining that it has serious potential side effects. This is an example of which risk management method?

Q3 . The tread on Alan's automobile tires is very thin. This is an example of what type of hazard?

Q4 . Highpoint Industries has an automatic sprinkler system installed in its office building. This is an example of which risk management method?

Q5 . Because she has always been in good health, Donna decides to cancel her health insurance policy. This is an example of which risk management method?

Q6 . LaTonya purchases a house from John. She borrows $75,000 from First City Bank that, along with her $25,000 down payment, equals the $100,000 purchase price of the home. Who has an insurable interest in this home? Choose all that apply.

Q7 . Which of the following is a hazard as opposed to a peril?

Q8 . Benson Pharmaceutical Company decides not to manufacture a new drug after determining that it has serious potential side effects. This is an example of which risk management method?

Q9 . The tread on Alan's automobile tires is very thin. This is an example of what type of hazard?

Q10 . Highpoint Industries has an automatic sprinkler system installed in its office building. This is an example of which risk management method?

Q11 . Because she has always been in good health, Donna decides to cancel her health insurance policy. This is an example of which risk management method?

Q12 . LaTonya purchases a house from John. She borrows $75,000 from First City Bank that, along with her $25,000 down payment, equals the $100,000 purchase price of the home. Who has an insurable interest in this home? Choose all that apply.

Q13 . Which of the following is a hazard as opposed to a peril?

Q14 . Benson Pharmaceutical Company decides not to manufacture a new drug after determining that it has serious potential side effects. This is an example of which risk management method?

Q15 . The tread on Alan's automobile tires is very thin. This is an example of what type of hazard?

Q16 . Highpoint Industries has an automatic sprinkler system installed in its office building. This is an example of which risk management method?

Q17 . Because she has always been in good health, Donna decides to cancel her health insurance policy. This is an example of which risk management method?

Q18 . LaTonya purchases a house from John. She borrows $75,000 from First City Bank that, along with her $25,000 down payment, equals the $100,000 purchase price of the home. Who has an insurable interest in this home? Choose all that apply.