Multiple Choice
All of the following are disadvantages of noninsurance transfers EXCEPT
A) The party to whom the potential loss is transferred may be unable to pay.
B) The transfer may fail because the contract language is ambiguous.
C) The only potential losses that can be transferred are those that are not commercially insurable.
D) The noninsurance transfer may be costly.
Correct Answer:
Verified
Correct Answer:
Verified
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