Members of Mid-South Petroleum Distributors, a trade group, had trouble obtaining affordable pollution liability insurance. The members formed a group captive that is exempt from many state laws that apply to other insurers
This group captive is called a(n)
A) reinsurance pool.
B) Lloyd's association.
C) alien insurer.
D) risk retention group.
Answer: D
Business
You might also like to view...
Selling and administrative expenses are subtracted from gross profit to obtain operating income
Indicate whether the statement is true or false
Business
Of the project closeout management steps listed, the first is to:
A) Hand over the project. B) Finish the work. C) Gain acceptance for the product. D) Review how it all went.
Business