Author Question: Advantages of the corporate form of business organization include A) minimal legal requirements. ... (Read 84 times)

lracut11 · **on:** Jul 11, 2018

Advantages of the corporate form of business organization include

A) minimal legal requirements. B) double taxation.
C) easier transfer of ownership. D) none of the above

Question 2

Medical malpractice insurance written on a claims-made basis can leave a surgeon vulnerable to malpractice claims if the surgeon retires, changes insurers, or drops coverage.

A provision can be added to the claims-made form that protects the surgeon for future claims arising from incidents that occurred while the claims-made policy was in force. This provision is called a(n)
A) cut-through endorsement.
B) drop-down endorsement.
C) agreed amount endorsement.
D) extended reporting period endorsement.