Which of the following does not have to be present in order to start a self-insurance program?
A) a weak general financial condition so that the savings of insurance premiums will be material to the firm,
B) a sufficient number of exposure units to enable accurate loss prediction,
C) the establishment of a fund for the specific purpose of prefunding expected losses,
D) accurate records of past losses.
Correct Answer:
Verified
Q32: The three most commonly used methods of
Q33: Self-insurance differs from the establishment of a
Q34: The following conditions are suggestive of the
Q35: Hedging is
A) insurance,
B) used for speculative risks,
C)
Q36: Risk transfer is most likely ideal for
Q37: A non-insurance transfer of risk is
A) the
Q38: A tool that generally is not used
Q39: A non-insurance transfer of risk is
A) avoiding
Q41: Which of the following is not a
Q42: Which of the following is not an
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