Question

Which approach to self insurance may not find legal and/or regulatory sanction in most countries?

a.

Retained level of deductible

b.

Mutual group or pool within an association

c.

Fund constituted to address a loss

d.

All approaches to self insurance find legal and regulatory sanction in most countries

Posted under IC85 Reinsurance Management

Answer: (c).Fund constituted to address a loss Explanation:While self insurance through a retained level of deductible and a mutual group or pool within an association are common approaches, a fund constituted to address a loss may not find legal and/or regulatory sanction in most countries. The establishment of a dedicated fund to cover potential losses is subject to varying legal and regulatory requirements and may not be permissible in certain jurisdictions.

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Q. Which approach to self insurance may not find legal and/or regulatory sanction in most countries?
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