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Lilliana Hoffman
Business
30 April, 02:19
You purchase fire insurance
a. Reduction
b. Transfer
+3
Answers (
1
)
Allyson Thompson
30 April, 02:47
0
Transfer
Explanation:
Risk transfer is a risk management and control strategy that involves the contractual shifting of a pure risk from one party to another. One example is the purchase of an insurance policy, by which a specified risk of loss is passed from the policyholder to the insurer
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