Author Question: From the insured's perspective, the use of deductibles in insurance contracts is an example of A) ... (Read 445 times)

D2AR0N · **on:** Jul 11, 2018

From the insured's perspective, the use of deductibles in insurance contracts is an example of

A) risk transfer.
B) risk control.
C) risk avoidance.
D) risk retention.

Question 2

The extra expense incurred by a business to stay in operation following a fire is an example of a(n)

A) fundamental risk.
B) speculative risk.
C) direct loss.
D) indirect loss.