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

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

workaholicmom|Points 3012|

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Asked 12/12/2010 2:00:18 PM

Updated 6/26/2014 3:03:04 PM

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This answer has been confirmed as correct and helpful.

Edited by andrewpallarca [6/26/2014 3:03:03 PM], Confirmed by andrewpallarca [6/26/2014 3:03:04 PM]

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