Question

What is the importance of the management weighing the alternatives to arrive at the retention which represents the best solution for the insurer?

a.

It allows for balancing of priorities by the individual departments

b.

It helps to adjust the departments in question

c.

It factors in other general factors into the equation

d.

All of the above

Answer: (d).All of the above Explanation:The management weighing the alternatives helps to arrive at the retention which represents the best solution for the insurer. This allows for balancing of priorities by the individual departments, helps to adjust the departments in question and factors in other general factors into the equation.

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Q. What is the importance of the management weighing the alternatives to arrive at the retention which represents the best solution for the insurer?

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