Risk retention means ______________

Looking for the answer to the question below related to Insurance?

Risk retention means ______________

 Options:

 

A. Saving money to pay for the losses
B. Accepting and agreeing to finance the loss oneself
C. Not taking up any activity which is risky
D. Insuring the risk

 

The Correct Answer Is:

  • B. Accepting and agreeing to finance the loss oneself

Conclusion

I hope you got the answer to your question.

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