QuestionQ191Verified/Legal, Risk and ComplianceCopy linkReport a problemAsk AstroTutorSave questionWhich of the following risk-response methods is most closely associated with insurance?AMitigationBTransferenceCAvoidanceDAcceptanceShow AnswerAnswerExplanationInsurance is a risk-transference mechanism: the insured transfers the financial consequences of specified losses to an insurer in return for paying a premium.Show comments1Show commentsCommunity DiscussionNo comments yet. Be the first to start the discussion!
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