A comprehensive discussion of alternative risk financing, including its advantages and disadvantages supported by court cases.
August 31, 2020 at 05:00 AM
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Summary: Insurance is made up of two components: the transfer of risk and the pooling of premium dollars. Self-insurance alternatives may or may not contain these requisite insurance characteristics. This treatment looks at how a self-insurance program works, what courts have said about the arrangement, and the advantages and disadvantages of instituting such a program.