Turner Company self-insures its group health insurance plan.Turner entered into an agreement with ABC Insurance through which ABC handles the plan design,claims processing,and record keeping for Turner.The agreement between Turner and ABC is called a(n)

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An administrative services only (ASO) contract is an agreement between a self-insured employer and a third-party administrator (TPA), such as ABC Insurance. Under an ASO agreement, the TPA provides services such as plan design, claims processing, and record keeping, while the employer assumes the financial risk of paying for employees' medical claims. This type of agreement allows the employer to have more control over its health insurance plan and potentially save costs, but also requires careful management and oversight of the plan.

Turner Company Self-Insures Its Group Health Insurance Plan