Lesson 7 Apply what you learned in Lesson 7 by considering how captive insurance could be used by a business. To do so, select an organization and describe how it would benefit from captive insurance. The organization may be real or fictional; what matters is that you provide enough detail in your responses to validate your choice. 3. Provide a short description of the organization and its operations to provide introductory context. (3 points) 4. Provide a high-level overview of how captive insurance could help the organization manage its risk. (4 points) 5. What specific aspects of the organization's operations make captive insurance advantageous? (5 points) 6. What specific aspects of the organization's operations would pose challenges to adopting captive insurance? (5 points) 7. How would a risk manager determine if captive insurance was viable for the organization? Highlight the steps involved in determining feasibility. (5 points)