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What is the difference between risk retention and self insured?
Risk retention refers to the ability to accept risk and or can be referred to as risk taking, however self insured refers to a situation when someone is very much hopeful
What is the difference between risk retention and risk transfer?
Risk retention is when a company decides to bear the financial impact of a potential loss itself, while risk transfer involves shifting the risk to another party through insurance or other financial arrangements. Risk retention allows a company to potentially save on insurance premiums but also exposes it to higher financial losses, while risk transfer helps mitigate potential losses by passing them onto another party.
What are acceptable risks in a Risk Retention Group?
A Risk Retention Group is a type of insurance formed by members who associate specifically to form an insurance pool. Acceptable risk is the level of loss that such an association can handle and remain solvent.
How do you calculate risk retention?
no of policies renewed/no of potential renewal policies
Is fluid retention caused by high or low potassium in the body?
It is excessive salt intake (sodium) which can place an individual at risk of fluid retention.
What does cultural retention mean?
cultural retention is where practices of the past follows into the present
What is difference between active passive risk retention?
Retaining risk passively - Understanding the risk without taking any actions to prevent possible outcomes. Active retention - preparing for risk to happen, having plan for in case it would happen. Some form of self insurance (direct insurance would be form of transferring risk.)
What does employee retention mean?
You have to redo the job
What does retention time mean?
The retention time represents the time it takes to an analyte to pass from the column inlet to the detector.
What is insurance retention?
An insurance retention is the portion of an insurance claim paid by the insured instead of the insurance company. A deductible is a common example of a retention although there are other types of retentions. Retentions allow the insured to reduce insurance premiums whileassuming a portion of the risk being insured.
How could health care professional protect there self from liability?
1. Risk Transference. - Buy An Insurance Policy2. Risk Avoidance - Do not provide the care or service3. Risk Retention. - Go Bare, accept the risk and associated losses4. Risk Sharing - Share the risk with a pool of like professionals.
What is retension?
Retention is holding on to something and continuing to have it. Retention is often used in terms of memory, for holding on to a memory, and for schools. Schools with high retention rates keep most of their students up to graduation.
