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7 Cards in this Set
- Front
- Back
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Risk |
UNCERTAINTY OR CHANCE OF LOSS. |
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Risk Transferred |
BUY or PURCHASE insurance, you TRANSFER the rick of Financial Liability to the Insurer |
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SELF INSURED |
do not buy Insurance |
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Risk Retention. |
did not transfer risk to the Insurer you are practicing |
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Risk Reduction |
Mitigation of Risk |
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Pure Risk |
Insurance is Based upon chance of LOSS with NO chance of Gain |
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Speculative Risk |
chance of Gain |
