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30 April, 02:19

You purchase fire insurance

a. Reduction

b. Transfer

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Answers (1)
  1. 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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