The Kayak Company Self Funds the Health Plan for Its

The Kayak Company self funds the health plan for its employees. This plan is an example of a type of self-funded plan known as a general asset plan. The fact that this is a completely selffunded plan indicates that

A) The plan has no funding vehicle
B) Kayak passes to its employees the financial risk of providing healthcare coverage
C) The plan most likely is exempt from ERISA requirements concerning the limits on benefit discrimination for classes of employees
D) The plan is exempt from the state laws and regulations that apply to health insurance policies