$45.$ Rocky Road Construction is looking at risk financing options for their workers compensation insurance. The two types of programs that they are considering are individual self$-$insurance and a large deductible program. All of the following are advantages of implementing a large deductible plan rather than self$-$insurance EXCEPT:

$($Search Chapter $8)$

a$.$ higher startup costs.

b$.$ no need for regulatory approval.

c$.$ no need to meet state and insurer financial requirements.

d$.$ certificates of insurance that are easier to provide.