Multiple Choice
Risk retention would be most appropriate in which of the following cases?
A) Collision coverage on a $14,000 car
B) Coverage for loss of a contact lens
C) Medical expenses for a healthy young adult
D) Liability coverage for a middle-income individual
Correct Answer:
Verified
Correct Answer:
Verified
Q198: The maximum possible loss that can occur
Q199: Robert and Louisa have identified the following
Q200: Deductibles are requirements that the insured pay
Q201: Risk reduction generally includes the use of
Q202: When shopping for insurance,your goal should be
Q204: Which of the following HO forms is
Q205: In administering a risk-management program,you should use
Q206: The state requirements to prove financial responsibility
Q207: The actual cash value (of personal property)
Q208: People who are uncomfortable with risk and