ASIS PSP Exam - Topic 7 Question 63 Discussion

Actual exam question for ASIS's PSP exam

Question #: 63
Topic #: 7

[All PSP Questions]

What generally means removing the risk to the company by paying for the protection of an insurance policy?

ASecurity

BRisk transfer

CCollateral

DSelf-assurance

Show Suggested Answer

Suggested Answer: B

by Kristofer at Dec 23, 2022, 07:36 AM

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Carissa

4 months ago

I thought self-assurance was the way to go!

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Camellia

4 months ago

Collateral is something else, not this.

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Georgene

4 months ago

Wait, is that really how it works?

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Salena

4 months ago

Totally agree, that's the right term.

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Tesha

4 months ago

It's definitely risk transfer!

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Merissa

5 months ago

I’m a bit confused; I thought self-assurance was more about relying on your own resources rather than paying for insurance.

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Heike

5 months ago

Risk transfer sounds familiar, especially from practice questions we did on insurance concepts.

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Brittani

5 months ago

I'm not entirely sure, but I remember something about collateral being related to securing loans, not really insurance.

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Galen

5 months ago

I think this might be about risk transfer since insurance is all about shifting the risk away from the company.

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Magdalene

5 months ago

Ah, I know Gap Analysis is used to identify differences between the current and desired states, so I'm pretty confident option D is the correct answer here.

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Lili

5 months ago

I've got a good handle on property categories, so I think I can identify the three true statements here. I'll just need to read through the options closely.

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