In its general form, a self-insurance program
A) designates funds for property.
B) designates funds for workers' compensation.
C) is a contingency fund for potential losses, regardless of their source.
D) is administered by an insurance company.

Question

Quizplus · Accepted Answer

A self-insurance program is a contingency fund set aside by an organization or individual to cover potential losses, regardless of their source. It is not specific to property or workers' compensation, nor is it administered by an insurance company.

In Its General Form, a Self-Insurance Program