All of the following statements about the cancellation of a Homeowners 3 policy are true EXCEPT
A) The insurer may cancel a new policy for any reason if it has been in force for less than 60 days and is not a renewal policy.
B) At least 100 days' notice of cancellation must be given if an insurer cancels a policy for nonpayment of premium.
C) A policy written for longer than 1 year can be cancelled for any reason on the anniversary date by giving the insured at least 30 days' notice of cancellation.
D) After a policy has been in force for at least 60 days, it can be cancelled by the insurer if the risk has increased substantially since the policy was issued.
Question 2
The investment banking business is dominated by a few very large, stand-alone investment
banking firms.
Indicate whether the statement is true or false
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