Which of the following is a group of companies that collectively assumes and spreads its own risk?

a. Stock insurer

b. Reciprocal exchange

(c.) Risk retention group

d. Fraternal benefit society

Answer: C

State Insurance

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The voluntary relinquishment of a legal right is called
What documentation grants express authority to an agent?
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All of the following statements are true regarding installments for a fixed amount EXCEPT
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