1. Define how the terms and conditions of an insurance contract can increase the insurability of a risk.
2. Outline the reasons for and against making insurance compulsory for all listed industry to cover the financial costs of remediation as a consequence of the Environmental Liability Directive.
3. Determine the reorder point when the average demand is 300 units per month, the standard deviation is 50 units per month, the lead time is 6 months, and the service level is 99%.