Insurance All Quiz Q/A's (only chapters covered in this folder)

Rapid inflation, cyclical unemployment, war, hurricanes, and floods are all examples of
physical hazards.
speculative risks.
diversifiable risks.
nondiversifiable risks.
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Terms in this set (110)
Janice mistakenly thought that Medicare covers the cost of a long-term care in a nursing home. So she did not purchase long-term care insurance or save in case she needed a long stay in a nursing home. Janice's treatment of the risk of a long-term stay in a nursing home is best described as
risk control.
planned retention.
risk transfer.
unplanned retention.