Question
Insurance companies that band together as self-insurers
and form an organization that is chartered and licensed as an insurer in at least one state to handle liability insurance is called?Solution
Risk Retention Groups (RRGs) are liability insurance companies owned by its members. RRGs allow businesses with similar insurance needs to pool their risks and form an insurance company that they operate under state regulated guidelines.
The downturn (1) resulted in a market capitalization (2) loss of nearly Rs 3 lakh crore for all BSE-listed companies(3) , as volatile (4)surged amid pr...
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N...
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...
