Which of the statements is correct? A. One of the methods of risk retention is by way of voluntary excess or deductible available under the policy. B. Another method of retention of risk is to absorb small losses as normal operating expenses of business.

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Which of the statements is correct? A. One of the methods of risk retention is by way of voluntary excess or deductible available under the policy. B. Another method of retention of risk is to absorb small losses as normal operating expenses of business.

 Options:

 

  • A. Statement A.
  • B. Statement B.
  • C. Both the statements
  • D. Neither of the statements

 

The Correct Answer Is:

  • C. Both the statements

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