Challenge Your Exam Readiness With Our Free Property and Casualty Practice Questions

Question # 51

Which of the following best illustrates the principle of risk transfer?

Options:

A.

An insured raises its deductible to lower premiums

B.

A manufacturer purchases liability insurance for defective products

C.

A company discontinues production of a hazardous chemical

D.

A retailer installs surveillance cameras to deter theft

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Property and Casualty Overview

Name Property and Casualty
Code Property and Casualty
Vendor Finance, Insurance and Real Est
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