Author Question: Which of the following statements about self-insurance is (are) true? I. It is a form of planned ... (Read 116 times)

fnuegbu · **on:** Jul 11, 2018

Which of the following statements about self-insurance is (are) true? I. It is a form of planned retention. II. State law usually prohibits its use for workers compensation.

A) I only
B) II only
C) both I and II
D) neither I nor II

Question 2

A restaurant owner leased a meeting room at the restaurant to a second party.

The lease specified that the second party, not the restaurant owner, would be responsible for any liability arising out of the use of the meeting room, and that the restaurant owner would be held harmless for any damages. The restaurant owner's use of the hold-harmless agreement in the lease is an example of
A) retention.
B) self-insurance.
C) insurance.
D) noninsurance transfer.