If a company wants to self-insure for workers' compensation, they must do which of the following?

A.Post a bond with Division of Insurance equal to the death benefit on worker's compensation

B.Obtain permission from the department of workers' compensation

C.Keep sufficient funds for workers' compensation coverage with the Commissioner

D.Let their employees know that it is self-insuring

Answer: B.Obtain permission from the department of workers' compensation

Casualty

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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Life insurance policies will normally pay for losses arising from
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In an insurance contract, the applicant's "consideration" is the
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The voluntary relinquishment of a legal right is called
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