Lesson 1' Apply what you learned in Lesson 7 by considering how captive insurance could be used by a business. To do so. select an organization and describe how it would benet from captive insurance. The organization may be real or fictional; what matters is that you provide enough detail in your responses to validate your choice. 3. Provide a short description of the organization and its operations to provide introductory context. {3 points} 4. Provide a high-level overview of how captive insurance could help the organization manage its risk. {4 points} 5. 1|What specific aspects of the organization's operations make captive insurance advantageous? {5 points} l5. What specic aspects of the organization's operations would pose challenges to adopting captive insurance? {5 points] 1'. How would a risk manager determine if captive insurance was viable for the organization? Highlight the steps involved in determining feasibility. {5 points} Lesson 8 Select a new organization. Answer the questions below to demonstrate how contractual risk transfer could be used by businesses. (Note: The questions are the same as for Lesson ?; however, there is one fewer question for Lesson 8.] 8. ll}. 11. Provide a short description of the organization and its operations to provide introductory context. {3 points} Provide a high-level overview of how contractual risk transfer could help the organization manage its risk. {4 points] 1|What specific aspects of the organization's operations make contractual risk transfer advantageous? {5 points} 1|What specific aspects of the organization's operations would pose challenges to adopting contractual risk transfer? [5 points]