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C11 Practice Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+

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What are the components of risk? : Uncertainty Varying levels of risk Identify 3 general types of insurable risk that people are exposed to. : Personal Property Liability Which of the following statements is true about risk managers? : They determine what risks exist and what to do about them Which of the following is categorized as general insurance? : Liability insurance Only liability insurance of the options provided is considered general insurance. Employment insurance is a social insurance and life/pension are part of life and health insurance. 2 | P a g e Who would the board of directors of a stock insurance company report to? : Shareholders The Board of Directors are non-involved overseers of the operation representing the shareholder

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