Retention is often used in combination with insurance as a way of treating loss exposures. One of the major downsides of individuals using retention alone is

Insurance

Are you looking for the correct answer to the question “Retention is often used in combination with insurance as a way of treating loss exposures. One of the major downsides of individuals using retention alone is”? If that’s the case, you don’t have to worry anymore. AzAnswer team is here with the right answer to your question. Please check below to know the answer.

Retention is often used in combination with insurance as a way of treating loss exposures. One of the major downsides of individuals using retention alone is

Options

A. The unavailability of insurer loss control services.
B. The potential for financial ruin.
C. The record keeping associated with retained losses.
D. Availability of insurer loss settlement services.

Answer: B. Correct. One of the major downsides of individuals using retention alone is the potential for financial ruin.

The above question Retention is often used in combination with insurance as a way of treating loss exposures. One of the major downsides of individuals using retention alone is, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.