Risk Management Alpha Phi Alpha IMDP Study Guide Test Questions with Definitive Solutions Update

Risk Management IMDP Study Guide




Risk Management Alpha Phi Alpha
IMDP Study Guide Test Questions with
Definitive Solutions Update 2024-2025
(True or False) The final responsibility for the success of the
management of risk rests with our FRATERNITY, its CHAPTERS and the
MEMBERS. - Answer: True


What is the first line of defense in liability matters? - Answer: Risk
Aversion.

, Risk Management IMDP Study Guide


What is the second line of defense in liability matters? - Answer: Loss
Prevention


What is the third line of defense in liability matters? - Answer: Loss
Control


What is the final line of defense in liability matters? - Answer: Insurance


(True or False) Whenever hosting an event, a Chapter, District or Region,
must ensure that the event has insurance coverage. - Answer: True


(True or False) Chapters, Districts or Regions, can be held liable for
alcohol related accidents as well as any property damage that occurred
during the event by non-members. - Answer: True


How does a chapter qualify for Insurance Coverage? - Answer: 1. Be in
Good Standing


2. Submit a Special Event Checklist


At what levels of the Fraternity does that General Insurance take part
in? - Answer: The Chapter, District, and Region Level