Marco, a risk manager in California, is interviewing for a new positio

Marco, a risk manager in California, is interviewing for a new position in the state of Washington. When Marco asked about methods of providing workers compensation, the answer surprised him.

In Washington, employers can self-insure the risk or obtain coverage through a state fund. Private insurers do not market workers compensation insurance in Washington. Washington uses a
A) competitive state fund.
B) guaranty fund.
C) reinsurance facility.
D) monopoly state fund.

ANSWER

Answer: D