« previous next »

Author Question: Which of the following statements about the licensing of insurance companies is (are) true? I. A ... (Read 62 times)

newyorker26

  • Hero Member
  • *****
  • Posts: 536
on: Jul 11, 2018
Which of the following statements about the licensing of insurance companies is (are) true?
 
  I. A new capital stock insurer must meet minimum capital and surplus requirements, which vary by state and line of insurance.
  II. The licensing requirements for insurance companies are less stringent than those imposed on most other types of firms.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

An insurance company incorporated in another state has been licensed to operate in your state. In your state, the insurer would be considered a(n)
 
  A) nonadmitted insurer.
  B) foreign insurer.
  C) alien insurer.
  D) reciprocal insurer.


uniquea123

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

A true albino squirrel. Note the pink eyes. A true albino squirrel. Note the pink eyes.
TrUe....FaLsE TrUe....FaLsE
Adapoids and omomyoids had longer snouts and are the first “true” primates. Adapoids and omomyoids had longer snouts and are the first “true” primates.
Ratings of Perceived Contradictions in Political Statements Ratings of Perceived Contradictions in Political Statements
True Dover Sole True Dover Sole
Founder of Adidas and Puma companies are brothers Founder of Adidas and Puma companies are brothers
Video: Central Nervous System Animation

For a complete list of videos, visit our video library