Page 323 - Reinsurance Management IC85
P. 323
The Insurance Times 30,000
1,50,000
2004
2003
Total 7,350,000
Average 1,470,000 - Pure burn cost
Q16. Mention alternate types of risk carriers.
Ans: Alternate transfer includes alternative types of risk
carriers such as:
i. Self insurance - can be a retained level of
deductible. This can be through a mutual group
or pool within an association or body to share
retained risk. This can also be a fund constituted
to address a loss if it were to occur.
ii. Risk Retention Groups (RRG) - a corporation
owned and operated by insurance companies, that
band together as self insurers and forms an
organization that is chartered and licensed as an
insurer in at least one state of US to handle
liability insurance.
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