1. True or false: A technology company sells a device that permits users to download free music. The company has no intention of paying royalties to copyright owners, e.g., music publishers or artists. As a result, the technology companys actions may be viewed as a moral hazard.

2. True or false: A company is sued by an employee following a data breach that compromises personally identifiable information. The lawsuit can best be described as a first-party expense to the company.

3. True or false: A company incurs business interruption losses following a data breach that compromised protected health information. Business interruption can best be described as third-party liability to the company

4. True or false: Intermediaries have the potential to be displaced by new technology, including Chatbots.

5. Pooling of losses results in?

A. The ability to predict future losses with a greater degree of certainty.

B. An insurance company looking to reimburse for intentional conduct on the part of the insured.

C. The sharing of losses by an entire group.

D. A&C.