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AINS 21 - Segment A 137 Questions and Answers 100% Solved
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AINS 21 - Segment A 137 Questions and Answers 100% Solved From a risk management viewpoint, insurance is used to A. Prevent the cost of losses Reduce the cost of losses Transfer the cost of losses Isolate the cost of losses. - C. Transfer the cost of losses. A loss exposure is: Any condition that presents the possibility of a loss. Any condition that precludes the chance of loss. The same thing as a peril. The same thing as a hazard. - A. Any condition that present the possibility of a loss. Some loss exposures are not easy to retain, avoid, or control. What risk management technique is frequently used to treat such exposures? Reinsurance Prevention Transfer Reunderwriting - C. Transfer
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