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Question 7 A type of residual market plan in which a limited number of insurance companies are designated as servicing insurers to administer high-risk policies,
Question 7 A type of residual market plan in which a limited number of insurance companies are designated as "servicing insurers" to administer high-risk policies, but losses under those policies are shared by all insurers in the state based on their share of the voluntarv insurance market, is known as a(n): A) specialty insurance plan B) reinsurance facility C) automobile insurance plan D) joint underwriting association
A type of residual market plan in which a limited number of insurance companies are
designated as "servicing insurers" to administer high-risk policies, but losses under
those policies are shared by all insurers in the state based on their share of the
voluntarv insurance market, is known as a(n):
A) specialty insurance plan
B) reinsurance facility
C) automobile insurance plan
D) joint underwriting association
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