Life Exam Portion

100 Questions

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Life Quizzes & Trivia

Questions and Answers
  • 1. 
    • A. 

      A It may cancel the insurance of any group members who have become seriously ill or impaired.

    • B. 

      B It may adjust the premium to bring it in line with current mortality and operating expenses.

    • C. 

      C It cannot make any changes in the contract or in the enrollees.

    • D. 

      D It may refuse to insure covered members with excessive claims.

  • 2. 
    If each partner purchases policies on the other partners, it is what type of plan?
    • A. 

      A Entity plan

    • B. 

      B Cross purchase plan

    • C. 

      C Partnership plan

    • D. 

      D Stock redemption plan

  • 3. 
    When does a tertiary beneficiary collect?
    • A. 

      A When the primary beneficiary dies

    • B. 

      B When the secondary beneficiary dies

    • C. 

      C When the primary and secondary pre-decease the insured

    • D. 

      D None of the above

  • 4. 
    The primary insurance amount (PIA) is equal to:
    • A. 

      A 1/2 worker's retirement at 62

    • B. 

      B 1/2 worker's retirement at 65

    • C. 

      C Full worker's retirement at 62

    • D. 

      D Full worker's retirement at 65

  • 5. 
    An annuitant receives $1200 a month, the value of each annuity unit is $6, How many annuity units did he receive?
    • A. 

      A 20

    • B. 

      B 200

    • C. 

      C 2,000

    • D. 

      D 7,200

  • 6. 
    An annuity contract provides?
    • A. 

      A Zero

    • B. 

      B $100

    • C. 

      C $150

    • D. 

      D $300

  • 7. 
    An annuity is purchased for $10,000, the expected return is $20,000 what amount is taxable if it pays $300 month?
    • A. 

      A Zero

    • B. 

      B $100

    • C. 

      C $150

    • D. 

      D $300

  • 8. 
    Taking all the funds available to a family and planning for their financial obligations is an example of:
    • A. 

      A Human life value approach

    • B. 

      B Needs approach

    • C. 

      C Dollar valuation

    • D. 

      D Multiple earnings

  • 9. 
    A variable annuity separate account will be invested in:
    • A. 

      A the legal reserve for liquidity

    • B. 

      B equity investments

    • C. 

      C bonds

    • D. 

      D short term government securities

  • 10. 
    An agent who writes controlled business must write how much business to the public?
    • A. 

      A Equal amount

    • B. 

      B More

    • C. 

      C Less

    • D. 

      D None

  • 11. 
    Jose works for a large city as a firefighter and Mable, his wife, is a secretary for a small new car dealer. Which one of the two is likely not to be covered under social security?
    • A. 

      A Mable

    • B. 

      B Jose

    • C. 

      C Fred

  • 12. 
    Most business assignments of life insurance policies are made in order to protect the:
    • A. 

      A insured's insurability.

    • B. 

      B lenders financial interest in the insured.

    • C. 

      C beneficiary from the claims of creditors.

    • D. 

      D insurance company from fraudulent claims.

  • 13. 
    What factors determine the amount an annuitant receives at retirement? I. Total capital II. Interest rate III. Payout option selected
    • A. 

      A I

    • B. 

      B II & III

    • C. 

      C I & III

    • D. 

      D I, II, & III

  • 14. 
    Under a life income annuity option which of the following is true?
    • A. 

      A The older the annuitant, the smaller the monthly payment.

    • B. 

      B The older the annuitant, the shorter the payment period.

    • C. 

      C The younger the annuitant, the shorter the payment period.

    • D. 

      D The older the annuitant, the larger the monthly payment.

  • 15. 
    The purpose of an annuity is the systematic distribution of an estate. The manner of distribution is selected by the owner. Which of following are true? I. It may or may not involve "life expectancy" calculations II. The annuity period may also be described as the benefit period III. The age and sex of the annuitant cannot influence the benefits, as that would violate laws IV. The settlement option can be changed within 5 years of annuitizing
    • A. 

      A I

    • B. 

      B I and II

    • C. 

      C I, II, and III

    • D. 

      D All

  • 16. 
    At what age can Traditional IRA owners begin to receive payments and not incur negative tax consequences?
    • A. 

      A 50 1/2

    • B. 

      B 59 1/2

    • C. 

      C 65

    • D. 

      D Anytime

  • 17. 
    The MIB's main purpose is:
    • A. 

      A Provide detailed medical information

    • B. 

      B Prevent overinsurance

    • C. 

      C Prevent misrepresentation and fraud

    • D. 

      D Assist doctors

  • 18. 
    Under a payor provision, what happens if the child covered under the policy becomes disabled?
    • A. 

      A Face amount payable

    • B. 

      B Nothing

    • C. 

      C Premiums waived until age 25

    • D. 

      D Premiums waived permanently

  • 19. 
    Mr. Roberts assigns a $100,000 policy and has a $50,000 mortgage. Mortgagee and assignee receive a check payable jointly. What type of agreement is this?
    • A. 

      A Absolute assignment

    • B. 

      B Collateral assignment

    • C. 

      C Partial assignment

    • D. 

      D Divisible assignment

  • 20. 
    Which employees would likely be excluded from group term life insurance? I. Those with less than 3-months service II. Those who work fewer than 20 hours a week III. Those who work fewer than 4 months per year IV. Those who have worked many years full time
    • A. 

      A I only

    • B. 

      B I and II

    • C. 

      C II, III, and IV

    • D. 

      D I, II, and III

  • 21. 
    A divorced spouse and her minor children have what rights under a group policy? I. Employer continues to pay the insurance another 90 days II. Spouse has 31 days to convert III. Minor children can convert policies at age 19 or if they are in school full time, as late as 23
    • A. 

      A I only

    • B. 

      B I and II

    • C. 

      C II and III

    • D. 

      D I, II, and III

  • 22. 
    A Universal Life Insurance policy has all the following features except:
    • A. 

      A It is considered a form of Permanent Life Insurance.

    • B. 

      B Without its adjustable features it resembles an Endowment policy.

    • C. 

      C Contributions (premiums) may be increased or decreased by the policy payor.

    • D. 

      D The face amount may be increased (subject to evidence of insurability), or decreased (subject to the I.R.S. corridor).

  • 23. 
    Who regulates the separate account in a Variable Annuity?
    • A. 

      A Insurance Dept.

    • B. 

      B NASD

    • C. 

      C SEC

    • D. 

      D Fred & Wilma

  • 24. 
    Churning is defined as the practice by which policy values from an existing life insurance policy are used to purchase another policy from a different company where the change is not beneficial for the policy holder.
    • A. 

      A True

    • B. 

      B False

  • 25. 
    Which of the following retirement plans involves a "matching element"?
    • A. 

      A I.R.A

    • B. 

      B 403(b)

    • C. 

      C Keogh

    • D. 

      D 401(k)

  • 26. 
    Both life and health insurance use the same factors determining premiums except:
    • A. 

      A Interest factor

    • B. 

      B Expense factor

    • C. 

      C Morbidity

    • D. 

      D Age

  • 27. 
    Can an agent write business with a company they are not appointed with?
    • A. 

      A Only if business was a line not carried by their company

    • B. 

      B It is ok if their company approves

    • C. 

      C If it is considered excess or rejected business

    • D. 

      D It is ok if the new company approves

  • 28. 
    The value of a separate account in an annuity during payout is determined by:
    • A. 

      A Annuity units

    • B. 

      B Credit units

    • C. 

      C Entire stock market

    • D. 

      D Value units

  • 29. 
    When a variable annuity purchaser reaches retirement, what percent of the total value of all accumulation units credited to her account is converted to annuity units?
    • A. 

      A 25%

    • B. 

      B 50%

    • C. 

      C 100%

    • D. 

      D 200%

  • 30. 
    • A. 

      A 5 years

    • B. 

      B 10 years

    • C. 

      C 20 years

    • D. 

      D 30 years

  • 31. 
    Which of the following is provided by the payor (applicant) waiver of premium rider on a policy with a minor child as the insured?
    • A. 

      A If the child is disabled 6 months or longer, premiums are waived.

    • B. 

      B If the premium payor dies, premiums are waived until the insured child reaches age 25.

    • C. 

      C If the minor child dies, the benefit is doubled.

    • D. 

      D If the premium payor is unemployed, benefits are waived.

  • 32. 
    Which of the statements comparing participating with nonparticipating policies are true? I. Premiums for nonpar policies are usually lower than for participating policies. II. The general provisions for both policies are the same, except for dividend provisions. III. Dividends from participating policies are treated as taxable income, but dividends from nonpar policies are not.
    • A. 

      A I and II

    • B. 

      B I and III

    • C. 

      C II and III

    • D. 

      D I, II, and III

  • 33. 
    The benefit paying period of an annuity is called:
    • A. 

      A the accumulation period.

    • B. 

      B the retroactive period.

    • C. 

      C the circumvention period.

    • D. 

      D the annuity period.

  • 34. 
    Which retirement plans are deemed qualified? I. Defined contribution plans II. Defined benefit plans III. Defined Premium plans IV. Defined payment plans
    • A. 

      A I and III

    • B. 

      B II and IV

    • C. 

      C I, II, and III

    • D. 

      D I and II

  • 35. 
    If insured purchases a 10-year plan and dies after 6 years, how will a family income plan pay compared to a family maintenance plan?
    • A. 

      A Income plan will pay 10-years and maintenance will pay 10-years

    • B. 

      B Income plan will pay 6-years and maintenance will pay 10-years

    • C. 

      C Income plan will pay 10-years and maintenance, will pay 4-years

    • D. 

      D Income plan will pay 4-years and maintenance will pay 10-years

  • 36. 
    A waiver of premium rider cannot be added to a term policy.
    • A. 

      A True

    • B. 

      B False

  • 37. 
    How is a policyowner's cost basis determined for accumulated cash values in a life insurance policy?
    • A. 

      A Total premiums paid

    • B. 

      B Total premiums paid less cash received

    • C. 

      C Total premiums paid less-dividends, and loans received, less premiums paid for supplementary benefits

    • D. 

      D Total premiums paid less dividends received

  • 38. 
    What is the type of insurance that would not make a good retirement vehicle?
    • A. 

      A Whole life

    • B. 

      B Endowment B Endowment B Endowment

    • C. 

      C Limited pay life

    • D. 

      D Term

  • 39. 
    An old man stops payment on his policy, but wants coverage for the remainder of his life. Which would provide this?
    • A. 

      A Extended term

    • B. 

      B Reduced paid up

    • C. 

      C Term

    • D. 

      D Endowment

  • 40. 
    Which of the following are considered in the needs approach? I. Travel expense fund II. Final expense fund III. Disability income IV. Monthly income
    • A. 

      A I, III, and IV

    • B. 

      B All

    • C. 

      C II and III

    • D. 

      D II, III, and IV

  • 41. 
    The agent's report is found where in the application?
    • A. 

      A Part I

    • B. 

      B Part II

    • C. 

      C Part III

    • D. 

      D Part IV

  • 42. 
    When is a statement of good health required regarding a life insurance policy?
    • A. 

      A When the initial premium is paid with the application

    • B. 

      B When there is no premium with application

    • C. 

      C Always

    • D. 

      D Never

  • 43. 
    If a medical report is required, it is completed by:
    • A. 

      A Insurer medical officer

    • B. 

      B Insurer underwriter

    • C. 

      C Physician only

    • D. 

      D Paramedic or Physician

  • 44. 
    For an association to be valid in Maryland and qualified to buy life insurance, all of the following are needed on a contributory plan except:
    • A. 

      A in existence at least 2 years.

    • B. 

      B no minimum member requirement.

    • C. 

      C minimum of 100 members.

    • D. 

      D admitted.

  • 45. 
    What type of insurance is most frequently used in group life plans?
    • A. 

      A Annual renewable term

    • B. 

      B Whole life

    • C. 

      C Level term

    • D. 

      D Universal life

  • 46. 
    A currently insured worker covered under social security is entitled to what?
    • A. 

      A Disability benefits

    • B. 

      B Retirement benefits

    • C. 

      C Limited death benefits

    • D. 

      D All of the above

  • 47. 
    When retiring at age 62 and taking the Social Security retirement benefit, an individual could lose:
    • A. 

      A $1 for every $3 earned

    • B. 

      B $1 for every $2 earned

    • C. 

      C $1 for every $5 earned

    • D. 

      D Nothing

  • 48. 
    Who regulates retirement plans in Maryland?
    • A. 

      A Insurance commissioner

    • B. 

      B State Department of Corrections

    • C. 

      C SEC

    • D. 

      D ERISA

  • 49. 
    Legal reserves show on the balance sheet as:
    • A. 

      A assets.

    • B. 

      B current liabilities.

    • C. 

      C future liabilities.

    • D. 

      D none of the above.

  • 50. 
    The code of ethics of the Maryland Department of Insurance is incorporated into Maryland Law.
    • A. 

      A True

    • B. 

      B False

  • 51. 
    Which is found on the front page of all insurance policies?
    • A. 

      A Consideration clause

    • B. 

      B Suicide clause

    • C. 

      C Insuring clause

    • D. 

      D Incontestable clause

  • 52. 
    • A. 

      A Insurers must identify the source of information only

    • B. 

      B Enacted in 1970

    • C. 

      C It is a federal law

    • D. 

      D Insurers must divulge the reason they decline someone

  • 53. 
    Insurable interest must exist at what time?
    • A. 

      A At time of application

    • B. 

      B At time of delivery

    • C. 

      C At time of death

    • D. 

      D At all times

  • 54. 
    Life insurance that is characterized by comparatively small issue amounts, and frequent premium payments is called:
    • A. 

      A Ordinary life

    • B. 

      B Temporary life

    • C. 

      C Industrial life

    • D. 

      D Permanent life

  • 55. 
    Which of the following is not party to an insurance contract?
    • A. 

      A Agent

    • B. 

      B Insurer

    • C. 

      C Insured

    • D. 

      D Owner

  • 56. 
    When does the 10-day free look begin?
    • A. 

      A Time of application

    • B. 

      B Time the policy is physically delivered

    • C. 

      C Time of issue

    • D. 

      D Time of claim

  • 57. 
    How are interest rates for a whole life policy's cash values determined?
    • A. 

      A A formula determined by the company

    • B. 

      B Current market interest rate

    • C. 

      C Moody's corporate bond index

    • D. 

      D Set by insurance commissioner

  • 58. 
    If the insurer cancels a life policy, all unearned premiums will be returned.
    • A. 

      A True

    • B. 

      B False

    • C. 

      C The insurer cannot cancel a life policy

  • 59. 
    How soon must the cash surrender values become available to the insured?
    • A. 

      A Immediately

    • B. 

      B 1-year

    • C. 

      C 3-years

    • D. 

      D 6 months

  • 60. 
    Which clause protects proceeds from creditors of the beneficiary?
    • A. 

      A Insuring clause

    • B. 

      B Incontestable clause

    • C. 

      C Spendthrift trust clause

    • D. 

      D Suicide clause

  • 61. 
    Where would information about a prospective insured's lifestyle be found?
    • A. 

      A MIB report

    • B. 

      B Inspection report

    • C. 

      C Application

    • D. 

      D Medical report

  • 62. 
    Which life insurance proceeds option provides equal payments for a specific time to a named beneficiary?
    • A. 

      A Fixed amount

    • B. 

      B Fixed period

    • C. 

      C Life with period certain

    • D. 

      D Installment refund

  • 63. 
    What does the conversion clause provide a terminated employee under a group plan?
    • A. 

      A Coverage for 30 days

    • B. 

      B Coverage for 31 days

    • C. 

      C Coverage for 6 months

    • D. 

      D No coverage after termination

  • 64. 
    At what age must owners of Traditional IRAs begin to receive payments from their retirement funds?
    • A. 

      A 59 1/2

    • B. 

      B 70 1/2

    • C. 

      C April 1 of the year following the year they become 70 1/2

    • D. 

      D None of above

  • 65. 
    All of the following are non-forfeiture options, except:
    • A. 

      A cash values

    • B. 

      B extended term

    • C. 

      C 1 year term

    • D. 

      D reduced paid up

  • 66. 
    How are pension plans benefits payable? I. Expressed as fixed dollar amount II. Based on a percentage of compensation before retirement III. Based on years of service IV. Based on age
    • A. 

      A I, II and III

    • B. 

      B I and III

    • C. 

      C III and IV

    • D. 

      D All

  • 67. 
    Which are the most important aspects of qualified retirement plans to employers? I. Attracting & retaining key employees II. Increased productivity III. Retiring employees humanely IV. Forced savings
    • A. 

      A I and II

    • B. 

      B I, II, III

    • C. 

      C I, II and IV

    • D. 

      D All

  • 68. 
    All of the following are annuity benefit factors except:
    • A. 

      A Age of beneficiary

    • B. 

      B Age of annuitant

    • C. 

      C Amount of proceeds

    • D. 

      D Interest rate

  • 69. 
    Which one is not payable under business overhead expense insurance?
    • A. 

      A Mortgage

    • B. 

      B Employee salary

    • C. 

      C Employer salary

    • D. 

      D Leased equipment

  • 70. 
    Which of the following would have an insurable interest? I. employer II. spouse III. neighbor IV. insured
    • A. 

      A I and II only

    • B. 

      B I, II and III only

    • C. 

      C I, II and IV only

    • D. 

      D All

  • 71. 
    Which one of the following is most commonly included in the exclusion clause in a life policy?
    • A. 

      A Felonious acts

    • B. 

      B Suicide

    • C. 

      C Commercial airline flights

    • D. 

      D Private air flights

  • 72. 
    Which one of the following is the policy that is paid up early and endows at age 100?
    • A. 

      A Modified

    • B. 

      B Universal

    • C. 

      C 20-pay life

    • D. 

      D Endowment at 50

  • 73. 
    A dually licensed agent, who knows an existing insurance policy will lapse, and based on his recommendation, will be invested in a security, must notify who in 15-days?
    • A. 

      A Insured

    • B. 

      B Beneficiary

    • C. 

      C The insurance company

    • D. 

      D Policyowner

  • 74. 
    A Roth IRA participant must take distribution by what point in his/her life?
    • A. 

      A 59 1/2

    • B. 

      B 65

    • C. 

      C April 1st following the year he/she becomes 70 1/2

    • D. 

      D He/she is not required to take the distribution

  • 75. 
    Insurer can delay payment of a cash surrender for:
    • A. 

      A 90 days

    • B. 

      B 6 months

    • C. 

      C 6 months to 1 year

    • D. 

      D Must pay immediately

  • 76. 
    When could a war clause exclusion be enforced in a policy?
    • A. 

      A Never in policies

    • B. 

      B Only during wartime

    • C. 

      C Always in policies

    • D. 

      D At the insurer's discretion

  • 77. 
    Which exclusion(s) would be found in life insurance policies?
    • A. 

      A Suicide

    • B. 

      B War

    • C. 

      C Hazardous occupation or hobbies

    • D. 

      D All

  • 78. 
    The moral hazard is characterized by:
    • A. 

      A physical condition.

    • B. 

      B health.

    • C. 

      C lifestyle.

    • D. 

      D occupation.

  • 79. 
    Mass marketing of insurance is best described as:
    • A. 

      A Uses vending machines

    • B. 

      B Does not need a licensed agent

    • C. 

      C Largest insurance producers

    • D. 

      D Uses print, TV and radio

  • 80. 
    What is the period of time specified in the suicide clause?
    • A. 

      A 6 months

    • B. 

      B 3 years

    • C. 

      C 2 years

    • D. 

      D none of the above

  • 81. 
    What type of permanent plan has a "corridor?"
    • A. 

      A Whole life

    • B. 

      B Term life

    • C. 

      C Variable life

    • D. 

      D Universal life option I

  • 82. 
    All of the following statements about life insurance and the risk it covers are true except:
    • A. 

      A life insurance is a mechanism for pooling and sharing risks.

    • B. 

      B as the number of separate risks of the same type increases, the amount of loss within a given period becomes more certain.

    • C. 

      C the probability of an individual insured's death increases each year until it becomes a certainty.

    • D. 

      D a certain sum of money must be set aside by the companies each year and held by the state insurance commission to meet the contractual obligations of the insurers.

  • 83. 
    The Fair Credit Reporting Act provides:
    • A. 

      A that the applicant for insurance be informed that a consumer report may be requested.

    • B. 

      B protection to debtors against harassment by lending institutions in the event of default.

    • C. 

      C for the availability of credit life insurance on a fair and impartial basis.

    • D. 

      D the funding for a national clearinghouse of credit information for life insurance company underwriting operations.

  • 84. 
    When an applicant applies for insurance by completing an application and paying the initial premium, this constitutes:
    • A. 

      A consideration and an offer to buy.

    • B. 

      B an acceptance.

    • C. 

      C a conditioned contract.

    • D. 

      D a completed contract.

  • 85. 
    A Standard Risk applicant is considered covered when:
    • A. 

      A the agent completes the application, and the applicant signs it.

    • B. 

      B the insurance company mails the policy (which had at least one months premium submitted with the application) for delivery.

    • C. 

      C the proposed insured completes the application and submits to a physical with the intent to pay the premium if she is approved.

    • D. 

      D the agency manager deposits the initial premium in the bank.

  • 86. 
    When insuring substandard life insurance risks, provision is usually made for the expected higher death rate by:
    • A. 

      A charging an additional premium.

    • B. 

      B reducing the death benefit.

    • C. 

      C establishing special risk groups.

    • D. 

      D reducing the agent's commission.

  • 87. 
    The following statement about the M.I.B. (Medical Information Bureau) is true:
    • A. 

      A Medical information is received from insurance applications.

    • B. 

      B The applicant can call the M.I.B. for a personal report.

    • C. 

      C Agents are responsible for getting the report to the applicant.

    • D. 

      D The M.I.B. is operated as part of the American Medical Association.

  • 88. 
    The following statements about insurable interest are true except:
    • A. 

      A Brothers and sisters have an insurable interest in each other.

    • B. 

      B A creditor can have an insurable interest in a debtor limited to the amount of indebtedness.

    • C. 

      C An insurable interest must exist between the policyowner and the insured at the time of the claim.

    • D. 

      D People are considered to have an insurable interest in themselves.

  • 89. 
    When someone other than the insured is the owner of a life insurance policy, the owner may do all of the following without the insured's consent except:
    • A. 

      A surrender the policy for its cash value.

    • B. 

      B increase the amount of insurance.

    • C. 

      C make a policy loan.

    • D. 

      D change the beneficiary.

  • 90. 
    Which of the following policies provides the greatest amount of death protection for an insured's periodic premium dollar as well as some cash accumulation?
    • A. 

      A Term

    • B. 

      B Annuity

    • C. 

      C Limited-Pay Life

    • D. 

      D Straight Whole Life

  • 91. 
    In what respect do limited pay life policies differ from straight whole life policies?
    • A. 

      A Limited pay life policies do not give insurance protection to age 100.

    • B. 

      B Limited pay life policies endow before age 100.

    • C. 

      C Limited pay life policies have a shorter premium-paying period.

    • D. 

      D Limited pay life policies can provide protection for a limited time, typically to age 65.

  • 92. 
    Vesting for the employee from the employee's contribution will occur:
    • A. 

      A in 5 years.

    • B. 

      B in 7 years.

    • C. 

      C immediately.

    • D. 

      D when they terminate employment.

  • 93. 
    Which would be higher for a participating life insurance policy than for a comparable nonparticipating life policy?
    • A. 

      A Premium

    • B. 

      B Surrender value

    • C. 

      C Lump sum settlement

    • D. 

      D Interest rate on policy loan

  • 94. 
    If company has their home office in Omaha, Nebraska, according to the Maryland Insurance Commission, the company would be considered:
    • A. 

      A alien.

    • B. 

      B domestic.

    • C. 

      C foreign.

    • D. 

      D domiciled.

  • 95. 
    Qualified retirement plans must allow enrollment of all employees: I. Age 21 II. Completed 1 year of service III. Work 10 hours a week throughout the year
    • A. 

      A I & III

    • B. 

      B I & II

    • C. 

      C II & III

    • D. 

      D I, II, & III

  • 96. 
    Self insuring is an example of risk:
    • A. 

      A reduction.

    • B. 

      B retention.

    • C. 

      C avoidance.

    • D. 

      D transference.

  • 97. 
    Group credit life programs include which of the following: I. Premium paid by borrower II. Limit on amount of insurance per borrower III. Benefits paid to borrower's beneficiary
    • A. 

      A I & II

    • B. 

      B I & III

    • C. 

      C II & III

    • D. 

      D I, II, & III

  • 98. 
    In Maryland which can be written as group insurance? I. Employees of an employer II. Fraternal benefit society III. Family IV. Labor unions
    • A. 

      A I and II

    • B. 

      B II, III and IV

    • C. 

      C I, II and IV

    • D. 

      D All

  • 99. 
    Drug addiction is an example of?
    • A. 

      A Moral hazard

    • B. 

      B Physical hazard

    • C. 

      C Risk avoidance

    • D. 

      D Morale hazard

  • 100. 
    Changing one's lifestyle to minimize a known risk is an example of?
    • A. 

      A Risk avoidance

    • B. 

      B Risk transference

    • C. 

      C Risk reduction

    • D. 

      D Risk retention D Risk retention D Risk retention