msubonline.net Question 1 (1 point) Insurance is a method of transferring risk f

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msubonline.net Question 1 (1 point) Insurance is a method of transferring risk from one party to another True False Save Question 2 (1 point) Underwriters can predict whether or not you will suffer a loss this year True False Save d Question 3 (1 point) The need for additional life insurance can be determined by looking at the difference between available resources and family monetary needs. True False Save Question 4 (1 point) Having a fire extinguisher in your home is an example of loss prevention True False Save

Explanation / Answer

1)True there is risk transfer
2)False since the risk no one can predict
3)True
4)False, since here there is nothing of loss prevention but loss mitigation

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