Risk retent - Study guides, Class notes & Summaries
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Understanding Risk & Risk Retention Mechanisms Research Studies With Questions Well Elaborated.
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Risk - Common Definition - correct answer A situation in which there is uncertainty about the result of something that either has occurred, will occur, or may occur. "Flouting the law was too much of a risk" 
 
Risk - Insurance Definition - correct answer A possibility of harm or damage against which something can be insured. "Our auto physical damage risk is insured with a $500 deductible" 
 
Risk ...
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Chapter 22: Risk Retention/ Reduction Decisions Latest Exam and 100% Guaranteed Answers.
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Risk Retention - correct answer The decision to accept the uncertainty (variability) associated with a particular risk exposure 
 
Risk Reduction - correct answer Decision to reduce uncertainty (variability) 
 
--Do something to reduce 
 
Benefits of increased retention - correct answer 1. Save on premium loadings and transaction costs 
 
2. Reduce exposur...
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RSK 4803_ Risk Retention.
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RSK 4803_ Risk Retention.
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RSK 4803_ Risk Retention Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution 2024 - 2025
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RSK 4803_ Risk Retention Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution
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RSK 4803_ Risk Retention.
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RSK 4803_ Risk Retention.
And that's how you make extra money
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Risk Financing: Risk Retention part 2 Exam Retake Questions And Answers/2024.
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6 main process/ roles of/ activities associated with risk financing - correct answer identifying and analyzing exposures, 
 analyzing alternative risk financing techniques, selecting the best risk financing technique(s), 
implementing the selected technique(s), and monitoring the selected technique(s) 
 
Deductible - correct answer Amount you must pay before you begin receiving any benefits from your insurance company 
 
Risk Control - correct answer techniques that reduce the fr...
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Practice Exam 2: Fundamentals of Insurance: Level 1 Correct 100%
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Probably the best way to define risk is to say, "Risk is the chance of financial loss as a result of loss or damage to the object of insurance or some other happening." - ANSWER True. 
 
Pure Risk: Provides only the potential for financial loss with no chance of gain or profit. Insurance is provided for pure risk only. - ANSWER True. 
 
Risk Retention or Self-insurance may be a practical risk management technique when the chance of financial loss amounts to just a few hundred dollars. - ANSWER...
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RSK 4803: Risk Retention Review Questions And Answers Well Elaborated A+ Score/2024.
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WHAT IS RISK RETENTION - correct answer - Category of risk financing; 
- when a company intentionally or unintentionally retains the financial consequences of of a loss for its own account and does not transfer it to a 3rd party; 
it is usually effective when: 
- on other financing methods available, 
- the worst possible loss is not serious and 
- losses are highly unpredictable. 
 
what is funded retained risk - correct answer when the co. makes provision for losses prior to their o...
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RSK 4803: Risk Retention questions and answers 2024/2025
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RSK 4803: Risk Retention questions and answers 2024/2025
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state farm ch.1 building questions and answer rated A+ 2023
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state farm ch.1 building questions and answer rated A+ 2023 
 
A. risk retention. 
B. risk avoidance. 
C. risk reduction. correct answer 
D. risk transference. - correct answer Jared hopes to purchase a new insurance policy for his car, but he has an extremely poor driving record. The insurance company decides to issue Jared an insurance policy, but charges him a premium much higher than the average driver. The insurance company is practicing: 
 
A. risk avoidance. Correct Answer 
B. risk ret...
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