When you purchase insurance, what are you doing? A. Retaining the risk of a loss. B. Transferring the risk of a loss. C. Reducing the risk of a loss. D. Avoiding the risk of a loss

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When you purchase insurance, you are Transferring the risk of a loss.

workaholicmom|Points 2486|

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Asked 11/20/2010 11:29:46 AM

Updated 9/1/2014 7:56:47 AM

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Edited by jeifunk [9/1/2014 7:56:45 AM], Confirmed by jeifunk [9/1/2014 7:56:47 AM]

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Lessor is a participant of the leasing contract, who takes possession of the property and provides it as a leasing subject to the lessee for temporary possession.

Added 6/16/2014 3:58:49 AM

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B. Single life annuity pays an equal annual amount until death.

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