1 Trainee Officer: $28,007.20 annually. 2  Certified Officer: $30,807.92 - 45,033.82 annually.  Annual salary additive of approximately $1,200 when employed in Indian River, Martin, Okeechobee, or St. Lucie counties. Annual salary additive of approximately $2,500 when employed in Palm Beach, Broward, Dade or Monroe counties.
What Is Risk Transfer? Risk transfer is a risk management and control strategy that involves the contractual shifting of a pure risk from one party to another. One example is the purchase of an insurance policy, by which a specified risk of loss is passed from the policyholder to the insurer. Other examples include hold-harmless clauses,
DEFINITION of 'Derivative'. A derivative is a security with a price that is dependent upon or derived from one or more underlying assets. The derivative itself is a contract between two or more parties based upon the asset or assets.ts value is determined by fluctuations in the underlying asset. The most common underlying assets include stocks, bonds, commodities, currencies, interest rates and market indexes. Derivatives either be traded over-the-counter (OTC) or on an exchange.