Exam (elaborations)
Virginia Life Insurance and Annuities Exam With Guaranteed Accurate Answers
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Methods of Handling Risk (STARR) - correct answer 1. Sharing (each member of group pays portion of loss) 2. Transfer (spreading risk among customers) 3. Avoidance (not engaging in certain activity) 4. Reduction (lessening chance) 5. Retention (indiv pays for loss) Elements of Insurable Risk ...
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