Identify the correct statement

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Examveda

A. Risk retention would mean absence of possibility of loss or damage

B. The event of loss is insignificant

C. Assets are covered by insurance

D. The owner of assets is prepared to accept the uninsured risks and its effects

Answer: Option D

Solution (By Examveda Team)

The event of loss is insignificant. Tell yourself that it's insignificant and you shouldn't be so weak.

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