Oklahoma Property and Casualty

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Oklahoma Property and Casualty Insurance Exam With Answers

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Oklahoma Property and Casualty Insurance Exam With Answers 1. Risk: The chance or uncertainty of loss. 2. Methods of Managing Risk: 1. Avoid risk 2. Control risk 3. Retain a risk 4. Transfer a risk 3. Avoid Risk: Never get into a car. 4. Control Risk: Training workers in the safe use of welding tools, or installing a sprinkler system in a factory. 5. Retain a Risk: If any loss occurs, people will pay for it themselves

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Oklahoma Property and Casualty • Oklahoma Property and Casualty