This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is an example of a noninsurance risk transfer? A) not engaging in ... (Read 452 times)

khang

  • Hero Member
  • *****
  • Posts: 569
on: Jul 11, 2018
Which of the following is an example of a noninsurance risk transfer?
 
  A) not engaging in dangerous activities
  B) entering into a hold-harmless agreement
  C) installing smoke detectors in your home
  D) using nonflammable building material when constructing a house

Question 2

All of the following statements about risk retention are true EXCEPT
 
  A) It may be used intentionally if commercial insurance is unavailable.
  B) It may be used passively because of ignorance.
  C) Its use is most appropriate for low-frequency, high-severity types of risks.
  D) Its use results in cost savings if losses are less than the cost of insurance.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

elyse44

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: C


khang

  • Member
  • Posts: 569
Reply 2 on: Jul 11, 2018
Excellent

lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Alterable and unalterable risk factors for hypertension. Alterable and unalterable risk factors for hypertension.
Risk Factors for Developing Breast Cancer Risk Factors for Developing Breast Cancer
Suggested Antibiotic Prophylaxis Regimens in Patients at Potential Increased Risk of Hematogenous ... Suggested Antibiotic Prophylaxis Regimens in Patients at Potential Increased Risk of Hematogenous ...
Describe the development of atherosclerosis, including its role in the risk of heart disease Describe the development of atherosclerosis, including its role in the risk of heart disease
How at Risk Are You? How at Risk Are You?
Energy Transfer Energy Transfer
Video: Cortisol (protein catabolism, gluconeogenesis, vasoconstriction & anti-inflammation)

For a complete list of videos, visit our video library