Which of the following pools would be the BEST subject for a fully-funded self-insurance arrangement?
A)Employment practices liability coverage for a petroleum refinery located in Texas
B)Automobile physical damage coverage for a national rental car chain, with 100 locations and approximately 3,000 automobiles of similar value at each location
C)Medical malpractice liability coverage for all doctors and nurses employed by a group of 3 hospitals in Florida
D)$50,000 of life insurance on every employee of a life insurance company located in New York, with no physical exam required to obtain insurance.

Question

Quizplus · Accepted Answer

A national rental car chain with a large number of similar-value automobiles is well-suited for a self-insurance arrangement due to predictable and manageable risks, allowing the company to cover losses internally.

Which of the Following Pools Would Be the BEST Subject