Risk Management IMDP Study Guide Q &
As (Verified Answers) 2026
(True or False) The final responsibility for the success of the
management of risk rests with our FRATERNITY, its CHAPTERS
and the MEMBERS. - Correct Answers ✅True
What is the first line of defense in liability matters? - Correct
Answers ✅Risk Aversion
What is the second line of defense in liability matters? -
Correct Answers ✅Loss Prevention
What is the third line of defense in liability matters? - Correct
Answers ✅Loss Control
What is the final line of defense in liability matters? - Correct
Answers ✅Insurance
(True or False) Whenever hosting an event, a Chapter, District
or Region, must ensure that the event has insurance
coverage. - Correct Answers ✅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. -
Correct Answers ✅True
, Risk Management IMDP Study Guide Q &
As (Verified Answers) 2026
How does a chapter qualify for Insurance Coverage? -
Correct Answers ✅1. Be in Good Standing
2. Submit a Special Event Checklist
At what levels of the Fraternity does that General Insurance
take part in? - Correct Answers ✅The Chapter, District, and
Region Level
What is a Special Event? - Correct Answers ✅A special
event is any event held by a chapter, district or region that IS
NOT a regularly scheduled business/chapter meeting
How many days in advance must the Special Events Checklist
be submitted? - Correct Answers ✅21 Days
(True or False) - Correct Answers ✅EVENT CHECKLISTS
SUBMITTED THE WEEK OF THE EVENT WILL NOT BE
PROCESSED OR APPROVED
(True or False) Do Special Events need the written approval
from Corporate Headquarters before the chapter can proceed
to have the event? - Correct Answers ✅True
Are Personal Vehicles insured from the fraternity's insurance
policy? - Correct Answers ✅No
As (Verified Answers) 2026
(True or False) The final responsibility for the success of the
management of risk rests with our FRATERNITY, its CHAPTERS
and the MEMBERS. - Correct Answers ✅True
What is the first line of defense in liability matters? - Correct
Answers ✅Risk Aversion
What is the second line of defense in liability matters? -
Correct Answers ✅Loss Prevention
What is the third line of defense in liability matters? - Correct
Answers ✅Loss Control
What is the final line of defense in liability matters? - Correct
Answers ✅Insurance
(True or False) Whenever hosting an event, a Chapter, District
or Region, must ensure that the event has insurance
coverage. - Correct Answers ✅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. -
Correct Answers ✅True
, Risk Management IMDP Study Guide Q &
As (Verified Answers) 2026
How does a chapter qualify for Insurance Coverage? -
Correct Answers ✅1. Be in Good Standing
2. Submit a Special Event Checklist
At what levels of the Fraternity does that General Insurance
take part in? - Correct Answers ✅The Chapter, District, and
Region Level
What is a Special Event? - Correct Answers ✅A special
event is any event held by a chapter, district or region that IS
NOT a regularly scheduled business/chapter meeting
How many days in advance must the Special Events Checklist
be submitted? - Correct Answers ✅21 Days
(True or False) - Correct Answers ✅EVENT CHECKLISTS
SUBMITTED THE WEEK OF THE EVENT WILL NOT BE
PROCESSED OR APPROVED
(True or False) Do Special Events need the written approval
from Corporate Headquarters before the chapter can proceed
to have the event? - Correct Answers ✅True
Are Personal Vehicles insured from the fraternity's insurance
policy? - Correct Answers ✅No
