Under these programs, each employer is responsible for paying the losses of the group when necessary-such as in the case of a member's insolvency.The employer's risk is not transferred; only the payment of losses is shared through the pooling mechanism.The members of these programs buy stop-loss coverage and are required to obtain regulatory approval for their existence.Identify these programs.

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Group self-insurance programs involve employers pooling their resources to cover losses, such as a member's insolvency, without transferring their individual risks. They purchase stop-loss coverage for protection and must obtain regulatory approval, distinguishing these programs from other types of insurance arrangements.

Under These Programs, Each Employer Is Responsible for Paying the Losses