Question help Insurance. Three part question

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Rock star Bruce Springsteen reportedly entered into a contract with Lloyds of London that would pay Springsteen $6 million in the event that his vocal cords were injured and he could no longer sing. This contractual arrangement incorporated all of the basic elements of insurance EXCEPT: pooling of losses risk transfer fortuitous losses indemnification In traditional risk management, a "risk" is defined as: the possible deviation of actual outcome from expected outcome a condition that creates or increases the chance or size of a loss from a given peril the tendency of higher-than-average risks to seek more insurance at standard rates than an average risk the cause of a loss An action by a state insurance department that prevents insurance companies from leaving a state solely because they incur significant losses in the state is an example of a: physical hazard morale hazard legal hazard moral hazard