Risk Transfer Means

question 16

Multiple Choice

Risk transfer means:

• A)transferring of a pure risk to an entity that pools the risk of loss and provides payment if a loss occurs.
• B)shifting the responsibility of bearing the risk from one party to another.
• C)losses suffered by a few insured are spread over the entire group so that insurance purchasers substitute the average loss for the uncertainty that they might suffer a large loss.
• D)combining pure risk and objective risk.

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Definitions:

Papillae

Small projections on the tongue's surface involved in taste sensation, texture sensation, and aiding in the mechanical process of eating.

Vestibule

An entry area or space, such as the central cavity of the labyrinth of the inner ear, which is involved in sensing balance.

Soft Palate

The muscular posterior portion of the palate, separating the mouth from the nasopharynx during swallowing.

Dentition

The arrangement or condition of the teeth within the mouth, including their number, type, and structure.