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This question belongs to Commerce Insurance

Insurance

?

Risk Retention means

A) Insuring with an insurance company B) Insuring with another individual C) Insuring with the owner of the company D) Self-insurance

Answer & Solution

Correct Answer: Option D

Risk Retention means Self-insurance. In other words the retention of risk means one is liable to bear the losses himself up to the amount retained.

Question posted by Examveda

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