Which of the following statements concerning the selection of risk man

Which of the following statements concerning the selection of risk management techniques and insurance market conditions is (are) true?

I. It’s easier to purchase affordable insurance during a “soft ” market than during a “hard” market.
II. Retention is used more during a “soft” market than during a “hard” market.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: A