The arrangement under which an insurer agrees to receive, monitor and pay claims, print benefit books, negotiate provider networks where necessary and provide other miscellaneous services for a plan sponsor is call a/n:

Correct answer: (B)
Administrative Services Only Arrangement

The arrangement in which an insurer does not actually insure, but merely provides administration is called an ASO (Administrative Services Only) arrangement. Reserve- Reduction Arrangement is a modified fully insured plan; POS is a type of managed care plan, as is Tri-Care, which is managed care for military personnel.