Multiple Choice
Which of the following benefits the insured when losses are predictable and manageable?
A) Loss avoidance
B) Loss forecasting
C) Loss retention
D) Loss transfer
E) Loss backcasting
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q7: Nonphysical injury to a person, including damage
Q8: Riders are used with life/health policies, whereas
Q9: When an insurance policy is suspended, the
Q10: Differentiate between conditional and binding receipts.
Q11: Identify the element of the insurance contract
Q13: The insuring agreement provides a general description
Q14: Health insurance policies often are written on
Q15: Which of the following statements is true
Q16: A(n) _ policy covers only losses caused
Q17: Some organizations choose to continue operating following