Match the descriptions with their terms:
-_________________ is where a noninsurance company owns 100 percent of an insurance subsidiary.
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

A single parent captive is an insurance company wholly owned by one parent company, primarily to insure the risks of its parent company or its affiliates.

Match the Descriptions with Their Terms