Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
Q27: Match the descriptions with their terms:<br>-Under a/an
Q28: Match the descriptions with their terms:<br>-Cash _
Q29: A high deductible workers' compensation plan<br>A) reduces
Q30: Self-insurers must purchase<br>A) umbrella insurance,<br>B) excess umbrellas,<br>C)
Q31: Match the descriptions with their terms:<br>-A/An _
Q33: An advantage of a captive insurer is<br>A)
Q34: Few firms that self-insure workers' compensation purchase
Q35: Workers' compensation pays on a<br>A) tort basis,<br>B)
Q36: High interest rates encourage self-insurance.
Q37: The major advantage of a captive is<br>A)