Property & Casualty Exam Prep 3, Risk Management Methods
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The five primary methods of handling risk are Sharing, Transfer, Avoidance, Reduction, and Retention (STARR). - Purchasing an insurance policy is the most common and direct example of risk transfer. - A deductible in an insurance policy represents risk…
The skinny
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