All of the Following Statements About Risk Retention Are True

question 59

Multiple Choice

All of the following statements about risk retention are true EXCEPT

• A)It may be used intentionally if commercial insurance is unavailable.
• B)It may be used passively because of ignorance.
• C)Its use is most appropriate for low-frequency,high-severity types of risks.
• D)Its use results in cost savings if losses are less than the cost of insurance.

Investigate the implications of ethical theories on individual character and societal norms.

Identify the principles guiding ethical decisions in egoism and how they contrast with altruism.

Understand the core principles of Stoicism.

Identify key figures and their contributions to Hedonism and Stoicism.

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Definitions:

Probative Value

The degree to which evidence is considered legally useful in proving something important in a court of law.

Relevant Evidence

Evidence that is pertinent and bears directly on the matter in dispute, making the existence of any fact more or less probable.

Supervising Attorney

A licensed lawyer responsible for overseeing the work of less experienced lawyers or legal interns, ensuring compliance with legal standards.

Witness Statements

Written or oral accounts provided by individuals who have direct knowledge of an event or situation relevant to a legal case.