The major advantage of a captive is
A) lower loss control expenses,
B) lower administrative costs,
C) tax deduction for premiums paid,
D) direct access to reinsurance markets.
Correct Answer:
Verified
Q35: Most workers' compensation laws are such that
A)
Q36: Workers' compensation usually replaces
A) 50 percent of
Q37: Workers' compensation pays on a
A) tort basis,
B)
Q38: A typical payment period of workers' compensation
Q39: Which of the following expenses are eliminated
Q40: A high deductible workers' compensation plan
A) reduces
Q41: Self-insurers must purchase
A) umbrella insurance,
B) excess umbrellas,
C)
Q42: Services not needed by a self-insurer are
A)
Q43: Which is not part of a retrospective
Q44: An advantage of a captive insurer is
A)
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