All of the Following Are Disadvantages of Noninsurance Transfers EXCEPT

question 27

Multiple Choice

All of the following are disadvantages of noninsurance transfers EXCEPT

• A)The party to whom the potential loss is transferred may be unable to pay.
• B)The transfer may fail because the contract language is ambiguous.
• C)The only potential losses that can be transferred are those that are not commercially insurable.
• D)The noninsurance transfer may be costly.

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Definitions:

Impersonal

Lacking warmth or personality; not influenced by, showing, or involving personal feelings.

Group Values

Shared beliefs or standards that guide the behaviors and decisions of a collective or group.

Outnumbered

Being in a situation where one group or individual is significantly less in number compared to another group or individuals.

Changing

Refers to the process or act of making or becoming different.