1 2. Which of following statements about risk retention are the 1) It may be used intentionally if commercial insurance is unavailable. II) It may be used passively because of ynorance 111) Its use is most appropriate for low-frequency, high-severity types of risks. IV) Its use results in cost savings iflosses are less than the cost of insurance. A) I and II B) III and III C) LLL and IV D) I, II, III and IV