Which clause indicates that the risk of loss is agreed to lie with the insurer?

The waiver of subrogation clause is the correct answer because it indicates that the insurer agrees to bear the risk of loss under specified conditions. This clause effectively prevents the insurer from pursuing a claim against a third party to recover funds paid to the insured after a loss has occurred. By waiving their right of subrogation, the insurer accepts that the financial responsibility for certain losses will remain with them, thus acknowledging the risk of loss.

In contrast, endorsements, limits of liability, and co-insurance clauses have different functions related to the management of coverage, risk assessment, and financial arrangements. Endorsements may expand or modify coverage limits, while limits of liability define the maximum amount an insurer will pay for a covered loss. Co-insurance clauses establish the proportion of insurance coverage required relative to the value of the property, impacting the insured's financial responsibility in the event of a claim. These clauses do not directly convey the transfer of loss risk in the same manner as the waiver of subrogation, which explicitly addresses the allocation of financial responsibility between the insurer and insured parties.