…………….. is planned retention by which the part or full of the exposure arising a risk factor is retained by the firm

Related MCQs

• The person who agrees to compensate the loss arising from the risk is called the _____
• Willingness to retain whole or part of a given risk is called…………..
• Speculative risk is a situation in which…………………… is possible
• Risk which can be measured using numerical scale are known as
• Which of the following is a method of risk identification.
• Risk management follows a systematic process which involves _______ steps.
• Which of the following steps in the risk management process helps in determining sum insured under policies?
• The proportion of the risk which the direct insurer holds on his own account refers to _______
• _______ policy is which covers the risk during all situations.
• The proportion of the risk which the direct insurer holds on his own account refers to ___________