Which of the Following Statements Is True Regarding Careers in Risk

question 9

Multiple Choice

Which of the following statements is true regarding careers in risk management and insurance going forward?

• A)Employment opportunities in insurance will be limited to sales and claims.
• B)Reduced consumer demand for insurance products will create significant job losses in the industry.
• C)Many job opportunities will be available requiring a wide range of knowledge and skills.
• D)A government takeover of the insurance industry is predicted,reducing the number of private sector jobs.

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Definitions:

Principal

The original amount of money invested or loaned, not including profits or interest.

Agent's Unauthorized Contract

A contract or agreement made by an agent without the proper authority or permission from the principal, often raising questions of enforceability and liability.

Third Party

An entity that is involved in a transaction or situation but is not one of the two main entities directly involved, often providing an external perspective or service.

Withdrawal

The act of removing funds from a bank account, or retracting from participation in an agreement, situation, or engagement.