Exam 23: Appendix: Managing Risk

One advantage of health savings accounts is that healthy people can use tax-deferred money to save for their future medical needs.

Risk management is getting much simpler thanks to the Internet.

Firms can take out term life-insurance policies on their top executives.

A stock insurance company is owned by its policyholders.

________ is the armor individuals, businesses, and nonprofit organizations use to protect themselves from various financial risks.

Robert, owner and operator of a local nursing home, is designing an addition. Though, he realized that water sprinklers and smoke detectors were now required by state regulations, it was not a problem for him. His existing structure already had sprinklers and detectors because he felt that this was an effective strategy to

Workers' compensation insurance is required in all states except Louisiana.

An insurance premium is the fee charged by the insurance company in return for their promise to pay for all or part of a loss.