From the Insured's Perspective,the Use of Deductibles in Insurance Contracts

question 24

Multiple Choice

From the insured's perspective,the use of deductibles in insurance contracts is an example of

• A)risk transfer.
• B)risk control.
• C)risk avoidance.
• D)risk retention.

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Definitions:

Unreasonable Demands

Requests or expectations that are excessive, unrealistic, or impossible to satisfy.

Review Process

A systematic examination or assessment of something with the potential for feedback or revision, often used in academic, professional, or organizational contexts.

Suppliers

Businesses or individuals that provide goods or services to another entity, typically within a supply chain.

Proposal Process

The steps involved in preparing and submitting a proposal, typically including drafting, reviewing, and approval stages.