These programs began as arrangements between insurers and reinsurers, but they can also be arrangements between any business and an insurer.Premiums paid by the corporation to finance potential losses are placed in an experience fund, which is held by the insurer.Over time, the insured pays for his or her own losses through a systematic payment plan, and the funds are invested for the client.Identify the risk program in discussion.

Question

Quizplus · Accepted Answer

The risk program being discussed is the Finite risk program, which involves systematic payment plans for losses and investment of funds, typically between a business and an insurer.

These Programs Began as Arrangements Between Insurers and Reinsurers, but They