Jasper Company suffered a large, uninsured, liability loss. The company was ordered to pay $25 million in damages. After filing an appeal, Jasper Company purchased a multiple-year, high premium, insurance policy to cover this potential loss. The net effect of the insurance purchase is that it will allow Jasper to pay premiums for five years, which will smooth the company's reported earnings instead of the company recording a large loss in one year. The type of insurance that Jasper purchased in called?
finite risk insurance