Question $35$

$5$ pts

An organization has a commercial insurance program whereby an insurance company agrees to pay for losses up to $$1M$ per specific loss subject to a $$50,000$ self$-$insured retention with an excess insurance company providing excess coverage above $$1M$ up to $$2M$ per loss. If the organization wants to retain more risk, which of the following would most likely result in a decrease in premium?

Raising the self$-$insured retention to $$100,000$

Lowering the self$-$insured retention to $$25,000$

Adding another excess insurance layer up to $$5,000,000$

Stratifying the losses