RISK MANAGEMENT IMDP STUDY
GUIDE WITH COMPLETE
SOLUTIONS
(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
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
What is a Special Event? - ANSWER-A special event is any event held by a chapter,
district or region that IS NOT a regularly scheduled business/chapter meeting
If the event has less than 300 attendees is security needed? - ANSWER-No
(True or False) If the event has 300+ attendees is Security and emergency
evacuation plans be reviewed before signing contracts with venues. - ANSWER-True
Who are the people that sign the Special Events Checklist? - ANSWER-President,
Event Chair, and Alpha Advisor
For the Athletic Event Participation Form, do all participants need to signed the
form? - ANSWER-Yes, All participants do need to sign the form
When does the Incident Claim Reporting Form need to be submitted by? -
ANSWER-Needs to be submitted immediately after the incident occurs
GUIDE WITH COMPLETE
SOLUTIONS
(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
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
What is a Special Event? - ANSWER-A special event is any event held by a chapter,
district or region that IS NOT a regularly scheduled business/chapter meeting
If the event has less than 300 attendees is security needed? - ANSWER-No
(True or False) If the event has 300+ attendees is Security and emergency
evacuation plans be reviewed before signing contracts with venues. - ANSWER-True
Who are the people that sign the Special Events Checklist? - ANSWER-President,
Event Chair, and Alpha Advisor
For the Athletic Event Participation Form, do all participants need to signed the
form? - ANSWER-Yes, All participants do need to sign the form
When does the Incident Claim Reporting Form need to be submitted by? -
ANSWER-Needs to be submitted immediately after the incident occurs
