(This article was derived from a presentation at the Third Annual Target Markets Program Administrators Summit, which was held in October in Tempe, Arizona.)

PROGRAM administrators have a number of options for obtaining insurance for their programs. They can work with admitted or nonadmitted insurers in the customary fashion. They also can pursue “alternative market” mechanisms, like captives and rent-a-captives. Yet another option-and one we’ll explore in this article-is to form a purchasing group.

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