Author Question: R.I.P. Company manufactures herbicide and pesticide. The company had difficulty finding affordable ... (Read 81 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?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

For a complete list of videos, visit our video library