Book traversal links for 3.1.2 Unfunded Retention
3.1.2 Unfunded Retention
Status: In-Force |
The most common method of unfunded retention is the deductible. Also refer to section 3.2.3 entitled Deductible. Generally deductibles should be used to eliminate coverage for losses that are apt to occur regularly. For example deductible levels of employee dishonesty should be sufficiently high to eliminate low level theft of cash by Tellers and ATM Machines.