QuestionJuly 16, 2025

Question 10 of 15 Insurance is the transfer of A. Hazard. B. Loss. C. Peril. D. Risk.

Question 10 of 15 Insurance is the transfer of A. Hazard. B. Loss. C. Peril. D. Risk.
Question 10 of 15
Insurance is the transfer of
A. Hazard.
B. Loss.
C. Peril.
D. Risk.

Solution
4.0(286 votes)

Answer

D. Risk. Explanation 1. Identify the Definition of Insurance Insurance is a financial product that transfers the **risk** of loss from an individual or business to an insurance company.

Explanation

1. Identify the Definition of Insurance<br /> Insurance is a financial product that transfers the **risk** of loss from an individual or business to an insurance company.
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