Chapter 1 IF1 Quizsearch 0.0 / 5 ? OtherIF1 BookOtherOther Created by: DeborahRobinsonCreated on: 11-08-19 15:19 Term for someone who is willing to carry certain risks themselves riskseeking 1 of 13 A type of control measure for risk which may include putting locks on a factory door to reduce the risk of theft physical 2 of 13 A risk where there is some chance of making a gain speculative 3 of 13 A risk which is on such a vast scale it is uninsurable e.g. an earthquake fundamental 4 of 13 A risk which is localised or even personal in its cause and effect particular 5 of 13 How often a risk may happen frequency 6 of 13 How serious a risk may be if it occurs severity 7 of 13 That which gives rise to a loss peril 8 of 13 That which influences the operation of a peril hazard 9 of 13 When two or more polices are in force which cover the same risk dualinsurance 10 of 13 When an individual or firm decides to carry a risk themselves selfinsurance 11 of 13 Class of insurance which means relating to money pecuniary 12 of 13 Insurance which provides payment in the event of the diagnosis of a defined range of serious illnesses critical illness 13 of 13
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