1- Explain the difference between a direct loss and an indirect or consequential loss.

2- Why does non-life insurance typically use the term property and casualty insurance rather than property and liability insurance?

3- Explain the advantages and disadvantages of retention as a risk-financing technique.

4- Describe the major categories of potential loss exposures that a risk manager should consider and identify.

5 -Explain the general rules of agency that govern the actions of agents and their relationship to insureds.

6 - Briefly explain the income tax deduction of traditional IRA contribution.

7- If an endorsement conflicts with a policy provision, how is this problem resolved?

8 -Explain the major characteristics of an equity indexed annuity.

Thank you in advance!