All of the following statements about the administration of a risk man

All of the following statements about the administration of a risk management program are true EXCEPT

A) The risk manager is an important part of a firm’s management team.
B) A risk management policy statement can be used to educate top executives about the risk management process.
C) If a risk management program is properly designed, periodic review of the program is unnecessary.
D) In order to properly identify loss exposures, the risk manager needs the cooperation of other departments.

ANSWER

Answer: C