Which of the following types of insurance does NOT involve a contract with an external party?

Question

Quizplus · Accepted Answer

Self insurance does not involve a contract with an external party. It is a risk management strategy in which an individual or organization sets aside funds to cover potential losses instead of purchasing insurance from an insurance company. The other options (property, life, directors and officers insurance) all involve contracts with external insurance companies.

Which of the Following Types of Insurance Does NOT Involve