1 when the use of captives risk retention groups and pools, Ask an Expert

Management Studies

1. When the use of captives, risk retention groups, and pools increases, which of the following decreases?

a- The number of insurer insolvencies

b- The demand for insurance

c- The supply of insurance

d- The availability of reinsurance

2 .In a particular state, the rates for personal auto insurance decrease, but the number of personal auto policies does not increase. This is because:

a- Demand for personal auto insurance is inelastic

b- The supply of auto insurance is inelastic

c-The price for auto insurance is elastic

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92600342

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