Agrograin Industries Inc. of Saskatchewan has over 100 employees and offers a group benefits and insurance plan. Premiums for the group insurance plan are set and if the claims experience of the group is better than the group premiums were priced for, Agrograin receives a partial refund of its premiums paid. If the actual experience is worse than anticipated, the insurance company has the opportunity to recoup its losses from Agrograin at the time of contract renewal. Which type of funding formula does Agrograin have for its group insurance plan?

a)		administrative services only
b)		refund accounting
c)		non-refund accounting
d)		non-participation