Maria and Frank launch their dry-cleaning business. Their business can succeed or fail. The type of risk that arises when profits or losses can both occur is called ...

The following are all examples of direct property-type losses, except ...

The premature death of a person is an example of a ...

All of the following programs cover fundamental risks, except ...

A thick fog that increases the chances of a car accident is an example of ...

Which of the following statements about speculative risks is true?

Simulating an accident to obtain compensation under an insurance contract is an example of ...

Which of the following statements about liability risks is (or are) true?

• (A) Assets and future income can be seized to pay compensation following a judgment.

• (B) There is an upper limit to the amount of the loss.

Indifference to a loss resulting from the existence of an insurance contract is an example of ...

An earthquake that destroys a village is an example of ...