SOLUTION MANUAL FOR
RISK MANAGEMENT AND INSURANCE 12TH EDITION JAMES
TRIESCHMANN SANDRA GUSTAVSON SANDRA GUSTAVSON,
ROBERT HOYT SANDRA GUSTAVSON, ROBERT HOYT, DAVID
SOMMER
JN
U
R
SE
SOLUTION MANUAL
,JAMES: RISK MANAGEMENT AND INSURANCE
CONTENTS
INSTRUCTOR’S MANUAL
PART 1: RISK AND THE RISK MANAGEMENT PROCESS
Chapter 1: Introduction to Risk......................................................................................... 1
Chapter 2: Risk Identification and Evaluation .................................................................... 4
Chapter 3: Property and Liability Loss Exposures .............................................................. 8
Chapter 4: Life, Health, and Loss of Income Exposures.................................................... 12
Chapter 5: Risk Management Techniques: Noninsurance Methods.................................... 16
Chapter 6: Insurance as a Risk Management Technique: Principles ................................... 20
Chapter 7: Insurance as a Risk Management Technique: Policy Provisions ........................ 25
Chapter 8: Selecting and Implementing Risk Management Techniques.............................. 28
PART 2: COMMERCIAL RISK MANAGEMENT APPLICATIONS:
PROPERTY-LIABILITY
JN
Chapter 9: Risk Management and Commercial Property: Part I......................................... 31
Chapter 10: Risk Management and Commercial Property: Part II ....................................... 34
Chapter 11: Risk Management and Commercial Liability Risk ........................................... 38
Chapter 12: Workers' Compensation and Alternative Risk Financing .................................. 41
U
PART 3: PERSONAL RISK MANAGEMENT APPLICATIONS:
PROPERTY-LIABILITY
Chapter 13: Risk Management for Auto Owners: Part I...................................................... 44
R
Chapter 14: Risk Management for Auto Owners: Part II..................................................... 47
Chapter 15: Risk Management for Homeowners................................................................ 50
SE
PART 4: RISK MANAGEMENT APPLICATIONS: LIFE, HEALTH,
AND INCOME EXPOSURES
Chapter 16: Loss of Life .................................................................................................. 54
Chapter 17: Loss of Health .............................................................................................. 59
Chapter 18: Retirement Planning and Annuities................................................................. 65
Chapter 19: Employee Benefits: Life and Health Benefits .................................................. 69
Chapter 20: Employee Benefits: Retirement Plans ............................................................. 73
Chapter 21: Financial and Estate Planning ........................................................................ 77
PART 5: THE RISK MANAGEMENT ENVIRONMENT
Chapter 22: Risk Management and the Insurance Industry.................................................. 81
Chapter 23: Functions and Organization of Insurers ........................................................... 85
,iv
Chapter 24: Government Regulation of Risk Management and Insurance ............................ 89
TEST BANK
PART 1: RISK AND THE RISK MANAGEMENT PROCESS
Chapter 1: Introduction to Risk....................................................................................... 95
Chapter 2: Risk Identification and Evaluation ................................................................ 100
Chapter 3: Property and Liability Loss Exposures .......................................................... 106
Chapter 4: Life, Health, and Loss of Income Exposures.................................................. 114
Chapter 5: Risk Management Techniques: Noninsurance Methods.................................. 119
Chapter 6: Insurance as a Risk Management Technique: Principles ................................. 124
Chapter 7: Insurance as a Risk Management Technique: Policy Provisions ...................... 130
Chapter 8: Selecting and Implementing Risk Management Techniques............................ 135
JN
PART 2: COMMERCIAL RISK MANAGEMENT APPLICATIONS:
PROPERTY-LIABILITY
Chapter 9: Risk Management and Commercial Property: Part I....................................... 140
Chapter 10: Risk Management and Commercial Property: Part II ..................................... 145
U
Chapter 11: Risk Management and Commercial Liability Risk ......................................... 150
Chapter 12: Workers' Compensation and Alternative Risk Financing ................................ 155
PART 3: PERSONAL RISK MANAGEMENT APPLICATIONS:
R
PROPERTY-LIABILITY
Chapter 13: Risk Management for Auto Owners: Part I.................................................... 160
SE
Chapter 14: Risk Management for Auto Owners: Part II................................................... 165
Chapter 15: Risk Management for Homeowners.............................................................. 168
PART 4: RISK MANAGEMENT APPLICATIONS: LIFE, HEALTH,
AND INCOME EXPOSURES
Chapter 16: Loss of Life ................................................................................................ 173
Chapter 17: Loss of Health ............................................................................................ 178
Chapter 18: Retirement Planning and Annuities............................................................... 184
Chapter 19: Employee Benefits: Life and Health Benefits ................................................ 190
Chapter 20: Employee Benefits: Retirement Plans ........................................................... 195
Chapter 21: Financial and Estate Planning ...................................................................... 200
PART 5: THE RISK MANAGEMENT ENVIRONMENT
Chapter 22: Risk Management and the Insurance Industry................................................ 205
Chapter 23: Functions and Organization of Insurers ......................................................... 211
Chapter 24: Government Regulation of Risk Management and Insurance .......................... 218
CHAPTER 1
, JN
U
R
SE
RISK MANAGEMENT AND INSURANCE 12TH EDITION JAMES
TRIESCHMANN SANDRA GUSTAVSON SANDRA GUSTAVSON,
ROBERT HOYT SANDRA GUSTAVSON, ROBERT HOYT, DAVID
SOMMER
JN
U
R
SE
SOLUTION MANUAL
,JAMES: RISK MANAGEMENT AND INSURANCE
CONTENTS
INSTRUCTOR’S MANUAL
PART 1: RISK AND THE RISK MANAGEMENT PROCESS
Chapter 1: Introduction to Risk......................................................................................... 1
Chapter 2: Risk Identification and Evaluation .................................................................... 4
Chapter 3: Property and Liability Loss Exposures .............................................................. 8
Chapter 4: Life, Health, and Loss of Income Exposures.................................................... 12
Chapter 5: Risk Management Techniques: Noninsurance Methods.................................... 16
Chapter 6: Insurance as a Risk Management Technique: Principles ................................... 20
Chapter 7: Insurance as a Risk Management Technique: Policy Provisions ........................ 25
Chapter 8: Selecting and Implementing Risk Management Techniques.............................. 28
PART 2: COMMERCIAL RISK MANAGEMENT APPLICATIONS:
PROPERTY-LIABILITY
JN
Chapter 9: Risk Management and Commercial Property: Part I......................................... 31
Chapter 10: Risk Management and Commercial Property: Part II ....................................... 34
Chapter 11: Risk Management and Commercial Liability Risk ........................................... 38
Chapter 12: Workers' Compensation and Alternative Risk Financing .................................. 41
U
PART 3: PERSONAL RISK MANAGEMENT APPLICATIONS:
PROPERTY-LIABILITY
Chapter 13: Risk Management for Auto Owners: Part I...................................................... 44
R
Chapter 14: Risk Management for Auto Owners: Part II..................................................... 47
Chapter 15: Risk Management for Homeowners................................................................ 50
SE
PART 4: RISK MANAGEMENT APPLICATIONS: LIFE, HEALTH,
AND INCOME EXPOSURES
Chapter 16: Loss of Life .................................................................................................. 54
Chapter 17: Loss of Health .............................................................................................. 59
Chapter 18: Retirement Planning and Annuities................................................................. 65
Chapter 19: Employee Benefits: Life and Health Benefits .................................................. 69
Chapter 20: Employee Benefits: Retirement Plans ............................................................. 73
Chapter 21: Financial and Estate Planning ........................................................................ 77
PART 5: THE RISK MANAGEMENT ENVIRONMENT
Chapter 22: Risk Management and the Insurance Industry.................................................. 81
Chapter 23: Functions and Organization of Insurers ........................................................... 85
,iv
Chapter 24: Government Regulation of Risk Management and Insurance ............................ 89
TEST BANK
PART 1: RISK AND THE RISK MANAGEMENT PROCESS
Chapter 1: Introduction to Risk....................................................................................... 95
Chapter 2: Risk Identification and Evaluation ................................................................ 100
Chapter 3: Property and Liability Loss Exposures .......................................................... 106
Chapter 4: Life, Health, and Loss of Income Exposures.................................................. 114
Chapter 5: Risk Management Techniques: Noninsurance Methods.................................. 119
Chapter 6: Insurance as a Risk Management Technique: Principles ................................. 124
Chapter 7: Insurance as a Risk Management Technique: Policy Provisions ...................... 130
Chapter 8: Selecting and Implementing Risk Management Techniques............................ 135
JN
PART 2: COMMERCIAL RISK MANAGEMENT APPLICATIONS:
PROPERTY-LIABILITY
Chapter 9: Risk Management and Commercial Property: Part I....................................... 140
Chapter 10: Risk Management and Commercial Property: Part II ..................................... 145
U
Chapter 11: Risk Management and Commercial Liability Risk ......................................... 150
Chapter 12: Workers' Compensation and Alternative Risk Financing ................................ 155
PART 3: PERSONAL RISK MANAGEMENT APPLICATIONS:
R
PROPERTY-LIABILITY
Chapter 13: Risk Management for Auto Owners: Part I.................................................... 160
SE
Chapter 14: Risk Management for Auto Owners: Part II................................................... 165
Chapter 15: Risk Management for Homeowners.............................................................. 168
PART 4: RISK MANAGEMENT APPLICATIONS: LIFE, HEALTH,
AND INCOME EXPOSURES
Chapter 16: Loss of Life ................................................................................................ 173
Chapter 17: Loss of Health ............................................................................................ 178
Chapter 18: Retirement Planning and Annuities............................................................... 184
Chapter 19: Employee Benefits: Life and Health Benefits ................................................ 190
Chapter 20: Employee Benefits: Retirement Plans ........................................................... 195
Chapter 21: Financial and Estate Planning ...................................................................... 200
PART 5: THE RISK MANAGEMENT ENVIRONMENT
Chapter 22: Risk Management and the Insurance Industry................................................ 205
Chapter 23: Functions and Organization of Insurers ......................................................... 211
Chapter 24: Government Regulation of Risk Management and Insurance .......................... 218
CHAPTER 1
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U
R
SE
