Which of the following expenses are eliminated by self-insurance?

Question

Quizplus · Accepted Answer

Self-insurance does not eliminate administrative, loss adjusting, or loss control expenses. These costs are still incurred as part of managing and operating a self-insurance program. Administrative costs are associated with the management of the self-insurance program, loss adjusting expenses are related to the investigation and settlement of claims, and loss control expenses are aimed at reducing the likelihood or impact of losses.

Which of the Following Expenses Are Eliminated by Self-Insurance