CRM56 Practice Questions - Canadian Risk Management CRM56 - Risk Financing Exam

Which pair best distinguishes risk financing objectives from risk control objectives?

Risk financing eliminates all risk; risk control only buys insurance Risk financing funds losses; risk control reduces loss frequency or severity Risk financing is limited to captives; risk control is limited to deductibles Risk financing measures hazards; risk control allocates premiums only

Correct Answer:

Risk financing funds losses; risk control reduces loss frequency or severity

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