Answered step by step
Verified Expert Solution
Question
1 Approved Answer
This form of risk retention is primarily associated with fire policies, whereby a dollar amount deductedfrom the amount of loss is reduced as the loss
This form of risk retention is primarily associated with fire policies, whereby a dollar amount deductedfrom the amount of loss is reduced as the loss increases and then disappears entirely to provide fullcoverage when the loss reaches a certain specified figure.A. self-insured retentionB. co-insuranceC. disappearing deductibleD. limit of insurance
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started