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QUESTION 20 Which of the following statements regarding the use of retention is (are) true? 1.Retention is best used for loss exposures that have a

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QUESTION 20 Which of the following statements regarding the use of retention is (are) true? 1.Retention is best used for loss exposures that have a low frequency and a high severity. ILA financially strong firm can have a higher retention level than a firm whose financial position is weak I only It only O both and 11 neither I nor 11

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