Factors a Risk Manager Must Consider in Selecting an Insurer

question 16

Multiple Choice

Factors a risk manager must consider in selecting an insurer include which of the following?
I.The availability of risk management services
II.The financial strength of the insurer

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Memorabilia Forgeries

Illegally reproduced collectible items passed off as original and authentic, intended to deceive buyers.

Discretionary Responsibility

Actions taken by a company that are purely voluntary and guided by its desire to make social contributions not mandated by economics, law, or ethics.

Termination-At-Will

An employment arrangement where either the employer or the employee can end the employment relationship without any prior notice and for any reason, except for those prohibited by law.

Union Participation

The involvement or membership of workers in a labor union, which represents their interests in negotiations with employers.