Which of the following models are used to isolate variables and to suggest directions of relationships but are not designed to provide numerical results?

Which statement(s) is (are) true with regard to insurance?

I. It involves the pooling of fortuitous losses II. It involves transfer of risk and indemnification of loss. (a) I only (b) II only (c) both I and I (d) neither I nor II

Which of the following statements about purchasing cyber liability insurance is true?

I. The coverage can be obtained by adding the appropriate endorsement to the general liability coverage. II. The coverage can be obtained by purchasing stand-alone cyber liability coverage. A) I only B) II only C) both I and II D) neither I nor II