Q302
Risk transfer means
A.
Insuring with an insurance company
AnswerB.
Insuring with an Government
C.
Insuring with the owner of the company
D.
Risk retention
Answer: Option A
Solution
Answer: Option A
Solution:
Risk transfer means insuring with an insurance company. Risk transfer is most often accomplished through an insurance policy. This is a voluntary arrangement between two parties, the insurance company and the policyholder, where the insurance company assumes strictly defined financial risks from the policyholder.