Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
4 Cards in this Set
- Front
- Back
|
What are the 4 goals of risk control? |
Earn a profit Meet customer needs Comply with legal requirements Fulfill duty to society |
|
|
What are the 3 main risk control services provided by insurers? |
Conducting physical surveys Performing risk analysis and improvement Developing safety management programs |
|
|
What are two key components of successful risk control measures? |
Management's commitment to risk control Employee attitudes about safety |
|
|
What is moral hazard? |
A condition that increases the likelihood that a person will intentionally cause or exaggerate a loss |
