Chapter 7: End of Chapter Exercises Homework . Due in 3 days Answered - Correct! No attempts left Chapter 7 Review questions 7 Homework Unanswered In selecting a deductible, how does the risk manager balance considerations of potential premium savings and the firm's ability to pay losses? The risk manager usually determines a targeted amount of losses to exceed, such as $10,000. The risk manager is given a variety of choices of deductible levels and premium amounts from the insurance company. The objective is to obtain the optimal level of deducible and premium amount to consistently pay over that targeted amount for the policy year. The tradeoffs between lower deductible amounts and higher premiums are analyzed, and a decision is made The risk manager usually determines targeted amount of losses to retain, but not exceed, such as $10,000. The risk manager is given a variety of choices of deductible levels and premium amounts from the insurance company The objective is to obtain the optimal level of deducible and premium amount to avoid paying over that targeted amount for the policy year. The tradeoffs between higher deductible amounts and lower premiums are analyzed and a decision is made Unanswered 1 attempt lett Chapter 7: End of Chapter Exercises Homework . Due in 3 days Answered - Correct! No attempts left Chapter 7 Review questions 7 Homework Unanswered In selecting a deductible, how does the risk manager balance considerations of potential premium savings and the firm's ability to pay losses? The risk manager usually determines a targeted amount of losses to exceed, such as $10,000. The risk manager is given a variety of choices of deductible levels and premium amounts from the insurance company. The objective is to obtain the optimal level of deducible and premium amount to consistently pay over that targeted amount for the policy year. The tradeoffs between lower deductible amounts and higher premiums are analyzed, and a decision is made The risk manager usually determines targeted amount of losses to retain, but not exceed, such as $10,000. The risk manager is given a variety of choices of deductible levels and premium amounts from the insurance company The objective is to obtain the optimal level of deducible and premium amount to avoid paying over that targeted amount for the policy year. The tradeoffs between higher deductible amounts and lower premiums are analyzed and a decision is made Unanswered 1 attempt lett