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[Show more]Insurance - Chapter 1 Exam Questions With 
100% Correct Answers 2024 
Which of the following is NOT a goal of risk retention? 
A: to minimize the insured's level of liability in the event of a loss 
B: to reduce expenses and improve cash flow 
C: to increase control of claim reserving and claims se...
Preview 1 out of 3 pages
Add to cartInsurance - Chapter 1 Exam Questions With 
100% Correct Answers 2024 
Which of the following is NOT a goal of risk retention? 
A: to minimize the insured's level of liability in the event of a loss 
B: to reduce expenses and improve cash flow 
C: to increase control of claim reserving and claims se...
Insurance - Chapter 1 Exam Questions With 
100% Correct Answers 2024 
an insurance contract requires that both the insured and the insurer meet certain conditions in 
order for the contract to be enforceable. What contract characteristic does this describe? 
1. aleatory 
2. unilateral 
3. conditiona...
Preview 3 out of 17 pages
Add to cartInsurance - Chapter 1 Exam Questions With 
100% Correct Answers 2024 
an insurance contract requires that both the insured and the insurer meet certain conditions in 
order for the contract to be enforceable. What contract characteristic does this describe? 
1. aleatory 
2. unilateral 
3. conditiona...
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