Risk Management IMDP Test with all Correct & 100%
Verified Answers |Latest Update |Already Graded A+
(True or False) The final responsibility for the success of the management of risk rests with our
FRATERNITY, its CHAPTERS and the MEMBERS. ✔Correct Answer-True
What is the first line of defense in liability matters? ✔Correct Answer-Risk Aversion
What is the second line of defense in liability matters? ✔Correct Answer-Loss Prevention
What is the third line of defense in liability matters? ✔Correct Answer-Loss Control
What is the final line of defense in liability matters? ✔Correct Answer-Insurance
(True or False) Whenever hosting an event, a Chapter, District or Region, must ensure that the
event has insurance coverage. ✔Correct 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. ✔Correct
Answer-True
How does a chapter qualify for Insurance Coverage? ✔Correct 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? ✔Correct Answer-
The Chapter, District, and Region Level
What is a Special Event? ✔Correct Answer-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
Answer-21 Days
(True or False) ✔Correct Answer-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 Answer-True
Are Personal Vehicles insured from the fraternity's insurance policy? ✔Correct Answer-No
Verified Answers |Latest Update |Already Graded A+
(True or False) The final responsibility for the success of the management of risk rests with our
FRATERNITY, its CHAPTERS and the MEMBERS. ✔Correct Answer-True
What is the first line of defense in liability matters? ✔Correct Answer-Risk Aversion
What is the second line of defense in liability matters? ✔Correct Answer-Loss Prevention
What is the third line of defense in liability matters? ✔Correct Answer-Loss Control
What is the final line of defense in liability matters? ✔Correct Answer-Insurance
(True or False) Whenever hosting an event, a Chapter, District or Region, must ensure that the
event has insurance coverage. ✔Correct 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. ✔Correct
Answer-True
How does a chapter qualify for Insurance Coverage? ✔Correct 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? ✔Correct Answer-
The Chapter, District, and Region Level
What is a Special Event? ✔Correct Answer-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
Answer-21 Days
(True or False) ✔Correct Answer-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 Answer-True
Are Personal Vehicles insured from the fraternity's insurance policy? ✔Correct Answer-No
