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  3. 2. suppose porat power company establishes a capti

2. Suppose Porat Power Company establishes a captive insurer in Bermuda to "insure" its workers'...

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2. Suppose Porat Power Company establishes a captive insurer in Bermuda to "insure" its workers' compensation costs. Explain the various alternative ownership and opera- tional characteristics that could describe the captive. What are the advantages of these alternatives? 2. Suppose Porat Power Company establishes a captive insurer in Bermuda to "insure" its workers' compensation costs. Explain the various alternative ownership and opera- tional characteristics that could describe the captive. What are the advantages of these alternatives

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