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These Programs Began as Arrangements Between Insurers and Reinsurers, but They

question 25

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These programs began as arrangements between insurers and reinsurers, but they can also be arrangements between any business and an insurer.Premiums paid by the corporation to finance potential losses are placed in an experience fund, which is held by the insurer.Over time, the insured pays for his or her own losses through a systematic payment plan, and the funds are invested for the client.Identify the risk program in discussion.

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