Author Question: R.I.P. Company manufactures herbicide and pesticide. The company had difficulty finding affordable ... (Read 86 times)

schs14

  • Hero Member
  • *****
  • Posts: 569
R.I.P. Company manufactures herbicide and pesticide. The company had difficulty finding affordable liability insurance. R.I.P. established its own insurance company based in Bermuda for the purpose of insuring R.I.P.'s loss exposures.
 
  The company that R.I.P. formed is called a
  A) captive insurer.
  B) reciprocal insurer.
  C) fraternal insurer.
  D) holding company.

Question 2

Which of the following statements is (are) true about savings bank life insurance (SBLI)?
 
  I. Each depositor at the savings bank receives life insurance equal to his or her savings account balance.
  II. The goal of SBLI is to provide low-cost life insurance to consumers.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II



Dinolord

  • Sr. Member
  • ****
  • Posts: 313
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


 

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

For a complete list of videos, visit our video library