Self-Insurance Is the Practice of

question 116

Multiple Choice

Self-insurance is the practice of

• A) holding reserves within the firm to cover potential losses.
• B) CEO's holding large life insurance policies on themselves, payable to the company.
• C) companies in unrelated businesses forming subsidiaries to cover their insurance needs.
• D) purchasing insurance policies directly rather than through a broker.

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Definitions:

Prothrombin

A protein in blood plasma that is converted into active thrombin during coagulation.

Liver

A large, vital organ in vertebrates, involved in numerous metabolic processes including detoxification, protein synthesis, and the production of biochemicals necessary for digestion.

Fibrin

A protein involved in blood clotting, formed from fibrinogen during the clotting process to create a mesh that seals wounds.

Insoluble Protein

Insoluble proteins are a type of protein that do not dissolve in water, often forming structural components of cells or tissues.