Question: Question 1 Define the term loss of control. (2 marks) Discuss how the following may be used to effectively transfer risk Hedges Diversification Incorporation Hold

Question 1

  1. Define the term loss of control. (2 marks)
  2. Discuss how the following may be used to effectively transfer risk
  1. Hedges
  2. Diversification
  3. Incorporation
  4. Hold harmless agreements
  5. Outline TWO (2) methods of loss control
  6. Define the term Workers Compensation and state its importance. (3 marks)
  7. Identify and describe THREE (3) objectives of workers compensation. (9 marks)
  8. Outline the FOUR (4) benefits provided by workers compensation policy. (12 marks)
  9. Discuss TWO (2) factors favouring Self-Insurance as an option for workers compensation.

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