保险基本原理第 243 / 531 题
A residual market mechanism such as an assigned-risk plan exists in order to:
a.supply free coverage that a federal appropriation pays for
b.insure only the layer of loss that sits above a large deductible
c.cover applicants the standard market has declined to write
d.reinsure admitted insurers against their worst catastrophe years
解析
Residual markets are the market of last resort for applicants who cannot buy coverage in the voluntary market, and the burden is generally spread among the insurers writing that line, not funded by a federal appropriation. Coverage is real insurance that is paid for, usually at a higher price and sometimes with narrower terms. Reinsuring the industry against catastrophe years is a wholly separate function.
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