What is a risk retention group?

a)A risk retention group addresses adverse selection by selecting insurable risks, and is

always regulated by state authorities

b)A purchasing group for employers who are unable to purchase insurance due to the size of the company

c)An insurance organization that most often addresses a commercial casualty concern

d)A group of people classified as having substandard risk

Answer: c

Insurance

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The pro rata liability clause is designed to protect the principle of
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In an insurance contract, the applicant's "consideration" is the
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