placeholder image to represent content

LH Chapter 1 FL Manual

Quiz by Brian Morton

Feel free to use or edit a copy

includes Teacher and Student dashboards

Measure skills
from any curriculum

Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.

With a free account, teachers can
  • edit the questions
  • save a copy for later
  • start a class game
  • automatically assign follow-up activities based on students’ scores
  • assign as homework
  • share a link with colleagues
  • print as a bubble sheet

Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

New Quizalize solo game modes
7 questions
Show answers
  • Q1
    Which of the following insurance concepts is founded on the ability to predict the approximate number of deaths or frequency of disabilities within a certain group during a specific time?
    Quantum insurance principle
    Indemnity law
    Principle of large loss
    Law of large numbers
  • Q2
    Which of the following statements is CORRECT?
    Both pure risks and speculative risks are insurable
    Only pure risks are insurable
    Only speculative risks are insurable
    Neither pure risks nor speculative risks are insurable
  • Q3
    Which of the following statements does NOT describe an element of an insurable risk?
    The loss exposures to be insured must be large
    The loss cannot be catastrophic
    The loss must be definite and measurable
    The loss must not be due to chance
  • Q4
    Buying insurance is one of the most effective ways of
    Transferring risk
    Reducing risk
    Avoiding risk
    Retaining risk
  • Q5
    Which of the following best describes the function of insurance?
    It creates and protects risks
    It spreads financial risk over a large group to minimize the loss to any one individual
    It is a form of legalized gambling
    It protects against living too long
  • Q6
    A tornado is an example of
    A moral hazard
    A peril
    physical hazard
    A speculative risk
  • Q7
    Tom buys his wife Mary a $50,000 diamond ring. When she is not wearing the ring, she keeps it in a safe deposit box at the local bank. This is an example of risk

Teachers give this quiz to your class