Multiple Choice
Which of the following does not have to be present in order to start a self-insurance program?
A) a weak general financial condition so that the savings of insurance premiums will be material to the firm,
B) a sufficient number of exposure units to enable accurate loss prediction,
C) the establishment of a fund for the specific purpose of prefunding expected losses,
D) accurate records of past losses.
Correct Answer:
Verified
Correct Answer:
Verified
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