風險管理保險學ch2題目

1. On of the basic characteristics of insurance where the insurer have to restore the insured financialcondition more or less to the condition before a loss happened is called?

• A. Risk Transfer

• B. Pooling of Losses

• C. Indemnification

2. According to requirements of an insurable risk, which of those 4 examples usually can be privately insured:

I.Property Risk

II.Financial Risk

III. Liability Risk

IV. Market Risk

• A. 1,2

• B. 2,4

• C. 1,3

3. Which is not one of the benefits of insurance to society?

• A. Indemnification for loss

• B. Enhancement of credit

• C. worry and fear

4.People with higher chance of risk seek for insurance, what does it call?

• A. Payment of fortuitous

• B. Adverse selection

• C. Risk transfer

5. Risk transfer means a (____) risk is transferred from insured to insurer. Choose the best answer

• A. Speculative

• B. Pare

• C. Pure

6. Characteristics of a fortuitous loss include which of the following?

I . The loss is certain to occur.

II. The loss occurs as a result of chance.

• A. I only

• B. II only

• C. both I and II

7. Which is not a reason why “war risk” isn’t an ideally insurable risk?

• A. It’s a catastrophe

• B. The chance of Loss isn’t Calculable

• C. It’s a large number of exposure units

8. Which insurance is a social insurance?

• A. Unemployment insurance

• B. Fire insurance

• C. Homeowners insurance

9. Doraemon and Dora threw dice 1000000 times and the probability of positive close to 0.5.We call this phenomenon_____?

• A. risk transfer

• B. Law of large number

• C. loss prevention

10. Base on the theory of pooling of losses, how the ideal statistic figure will change if the pool get bigger?

• A. Both the expected loss and the standard deviation(SD) will decline.

• B. The standard deviation(SD) will decline while the expected loss still unchanged.

• C. The standard deviation(SD) will rise while the expected loss decline.