Which of the following statements about reinsurance facilities for insuring high-risk drivers is (are) true?
I. Underwriting losses in the reinsurance facility are shared by all auto insurers in the state.
II. An insurer must accept all applicants for insurance, but the insurer has the option of placing high-risk drivers in the reinsurance pool.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: C
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