Which of the following is an example of a noninsurance risk transfer?
A)not engaging in dangerous activities
B)entering into a hold-harmless agreement
C)installing smoke detectors in your home
D)using nonflammable building material when constructing a house

Question

Quizplus · Accepted Answer

Entering into a hold-harmless agreement is a noninsurance risk transfer because it transfers the risk of liability to another party without involving an insurance policy. The other choices (A, C, and D) all involve risk reduction or risk prevention techniques rather than risk transfer.

Which of the Following Is an Example of a Noninsurance