Insurance companies that band together as self-insurers and form an organization that is chartered and licensed as an insurer in at least one state to handle liability insurance is called.....

INSURANCE AWARENESS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Insurance companies that band together as self-insurers and form an organization that is chartered and licensed as an insurer in at least one state to handle liability insurance is called____

A	Retention
B	Retrocession
C	Retrospective Rating
D	Risk Retention Groups

Explanation:

Detailed explanation-1: -Issue: Risk Retention Groups (RRGs) are liability insurance companies owned by its members. RRGs allow businesses with similar insurance needs to pool their risks and form an insurance company that they operate under state regulated guidelines.

Detailed explanation-2: -Health Insurance. Motor Insurance. Home Insurance. Fire Insurance. Travel Insurance.

There is 1 question to complete.

GENERAL KNOWLEDGE

GK

INSURANCE AWARENESS