RFP Module 2 Practice Questions - MFPC RFP Module 2 - Risk Management And Insurance Planning (Malaysia) Exam

Which of the following is an example of risk retention?

Purchasing a comprehensive health insurance policy. Choosing a high deductible on an auto insurance policy. Installing a sprinkler system to reduce fire damage. Avoiding flying to eliminate the risk of a plane crash.

Correct Answer:

Choosing a high deductible on an auto insurance policy.

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