Selecting a particular deductible level is one way of mixing
A) risk retention and risk transfer,
B) risk avoidance and risk retention,
C) risk avoidance and risk transfer,
D) loss control and risk transfer.

Question

Quizplus · Accepted Answer

Selecting a deductible level involves both risk retention (the amount of loss you agree to bear) and risk transfer (the portion of risk transferred to the insurer beyond the deductible amount).

Selecting a Particular Deductible Level Is One Way of Mixing