Match the descriptions with their terms:
-Even when firms self-insure, they often purchase ________________.
A) assigned risk plan
B) association captive
C) excess insurance
D) experience modification factor
E) float
F) industry captive
G) large deductible plan
H) liquidating damages
I) loss conversion factor
J) offshore captive
K) onshore captive
L) partial permanent injury
M) RMIS
N) single parent captive
O) standard premium
P) workers' compensation insurance

Question

Quizplus · Accepted Answer

Excess insurance is commonly purchased by firms that self-insure to provide coverage for losses that exceed a certain amount, offering a safety net for unusually large claims.

Match the Descriptions with Their Terms