Question List # 2: Risk Management in Financial Planning
1. Effective budgeting
An estimation of the revenue and expenses over a specified future period of time.
A budget can be made for a person, family, group of people, business, governme
Question List for Exam # 2
1. Underwriting cycles are most prominent in the P&C industry but less so in life, health, and
disability lines of insurance. Explain.
P&C: the underwriter may require a physical inspection before the application is approved.
Auto damage, repair
expenses, insurance fees
Legal expenses, Settlement
Medical Expenses /Loss of
Final Question List FIN 324
Exam date: 04/28/2016
1. Describe differences between group insurance and individual insurance.
Group insurance differs from individual insurance in several respects. A distinct
characteristic is the coverage of many persons un
Summary Quiz # 2
Due date: 03/09/2016
1. Risk managers use a number of methods for managing risk. For each of the following, what
method for handling risk is used? Explain your answer.
a. The decision not to carry earthquake insurance on a