Author Question: Abandoning an existing loss exposure is an example of A) avoidance. B) retention. C) ... (Read 165 times)

lidoalex · **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.