Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
Q9: The advantages of private commercial insurers over
Q10: Workers' compensation usually replaces<br>A) 50 percent of
Q11: When three-year expected losses are greater than
Q12: Match the descriptions with their terms:<br>-Converted losses
Q13: The retrospective system of rating is designed
Q15: The workers' compensation policy insures<br>A) workers' compensation,<br>B)
Q16: Match the descriptions with their terms:<br>-_ covers
Q17: Which of the following is not a
Q18: A factor that favors purchasing workers' compensation
Q19: The IRS is more likely to allows