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Author Question: Abandoning an existing loss exposure is an example of A) avoidance. B) retention. C) ... (Read 187 times)

lidoalex

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on: Jul 11, 2018
Abandoning an existing loss exposure is an example of
 
  A) avoidance.
  B) retention.
  C) noninsurance transfer.
  D) insurance transfer.

Question 2

The worst loss that could ever happen to a firm is referred to as the
 
  A) maximum possible loss.
  B) probable maximum loss.
  C) frequency of loss.
  D) severity of loss.


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tennis14576

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: A


lidoalex

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Reply 2 on: Jul 11, 2018
YES! Correct, THANKS for helping me on my review

vickyvicksss

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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