[Solved] Bret Obtains a Fire Insurance Policy on His Rental House

Question 43
Multiple Choice

Bret obtains a fire insurance policy on his rental house with Continental Insurance Company. Like all insurance, this policy is an arrangement for

A) ​avoiding the assumption of responsibility.
B) ​predicting a potential loss based on unknown factors.
C) ​shifting the imposition of liability.
D) ​transferring and allocating risk.

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