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Escalating Insurance Premiums Force Econo Courier Ltd

Question 27

Multiple Choice

Escalating insurance premiums force Econo Courier Ltd.to re-evaluate its fleet's windshield coverage.The company negotiates a special rate with a local windshield chain and routinely sets money aside to pay for those costs when they occur.What form of risk retention is Econo using?


A) insurance deductibles
B) uninsured
C) noninsurance
D) self-insurance

Correct Answer:

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