Insurance and Risk Management Paper 7

1

The cause of loss or a contingency that may cause a loss due to nature is known as ______________






2

The risk which directly affects the individual’s capability to earn income is called ______________






3

Type of Risk Management are ______________






4

The Risks which have some financial impact from the part of risk management are ______________






5

Identification of sources of hazard will have to be done by the ______________.






6

The expected value of losses varies directly with the ______________.






7

The number of elements of uncertainty in most type of events are ______________.






8

Personnel risk in a firm depends upon the ability integrity and enthusiasm of ______________.






9

Except life assurance the maximum term of other insurance is ______________.






10

The situation of doubt in mind about the happening or not happening of anything in future because of lack of knowledge ______________.






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