RISK MANAGEMENT IMDP STUDY
GUIDE QUESTIONS & PASSED
CORRECT SOLUTIONS
(True or False) The final responsibility for the success of the management of risk rests
with our FRATERNITY, its CHAPTERS and the MEMBERS. - Correct Answer ✔✔ True
What is the first line of defense in liability matters? - Correct Answer ✔✔ Risk Aversion
What is the second line of defense in liability matters? - Correct Answer ✔✔ Loss
Prevention
What is the third line of defense in liability matters? - Correct Answer ✔✔ Loss Control
What is the final line of defense in liability matters? - Correct Answer ✔✔ Insurance
(True or False) Whenever hosting an event, a Chapter, District or Region, must ensure
that the event has insurance coverage. - Correct Answer ✔✔ True
(True or False) Chapters , Districts or Regions, can be held liable for alcohol related
accidents as well as any property damage that occurred during the event by non-
members. - Correct Answer ✔✔ True
How does a chapter qualify for Insurance Coverage? - Correct Answer ✔✔ 1. Be in
Good Standing
2. Submit a Special Event Checklist
At what levels of the Fraternity does that General Insurance take part in? - Correct
Answer ✔✔ The Chapter, District, and Region Level
What is a Special Event? - Correct Answer ✔✔ A special event is any event held by a
chapter, district or region that IS NOT a regularly scheduled business/chapter meeting
How many days in advance must the Special Events Checklist be submitted? - Correct
Answer ✔✔ 21 Days
(True or False) - Correct Answer ✔✔ EVENT CHECKLISTS SUBMITTED THE WEEK
OF THE EVENT WILL NOT BE PROCESSED OR APPROVED
GUIDE QUESTIONS & PASSED
CORRECT SOLUTIONS
(True or False) The final responsibility for the success of the management of risk rests
with our FRATERNITY, its CHAPTERS and the MEMBERS. - Correct Answer ✔✔ True
What is the first line of defense in liability matters? - Correct Answer ✔✔ Risk Aversion
What is the second line of defense in liability matters? - Correct Answer ✔✔ Loss
Prevention
What is the third line of defense in liability matters? - Correct Answer ✔✔ Loss Control
What is the final line of defense in liability matters? - Correct Answer ✔✔ Insurance
(True or False) Whenever hosting an event, a Chapter, District or Region, must ensure
that the event has insurance coverage. - Correct Answer ✔✔ True
(True or False) Chapters , Districts or Regions, can be held liable for alcohol related
accidents as well as any property damage that occurred during the event by non-
members. - Correct Answer ✔✔ True
How does a chapter qualify for Insurance Coverage? - Correct Answer ✔✔ 1. Be in
Good Standing
2. Submit a Special Event Checklist
At what levels of the Fraternity does that General Insurance take part in? - Correct
Answer ✔✔ The Chapter, District, and Region Level
What is a Special Event? - Correct Answer ✔✔ A special event is any event held by a
chapter, district or region that IS NOT a regularly scheduled business/chapter meeting
How many days in advance must the Special Events Checklist be submitted? - Correct
Answer ✔✔ 21 Days
(True or False) - Correct Answer ✔✔ EVENT CHECKLISTS SUBMITTED THE WEEK
OF THE EVENT WILL NOT BE PROCESSED OR APPROVED
