Part A: What is a non-insurance contractual risk transfer? Give an example. Part

Question

Part A: What is a non-insurance contractual risk transfer? Give an example.

Part B: What is the difference between a serial LLC sponsored captive arrangement and the traditional captive insurance arrangement you diagramed for Part A?

Part C: What is a protected cell company? How is it relevant to captive insurance?

Part D: What is non-subscriber workers compensation? How is such a program designed?

Part E: Legaly what is the difference between workers compensation subscribers and non-subscribers as far as negligence is concerned?

Explanation / Answer

Non-insurance contractual risk transfer refers to the process or methods of transfer of risk from one party to another party other than an insurance company.

For example- if a person is a general contractor, then it might require the electrical contractor to name the person on their liability policy. As long as the other party’s insurance covers the loss, person’s portion of any loss would be paid by the other party’s insurance policy.

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects