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Author Question: Mark owns a 2006 sedan. The last time Mark renewed his auto insurance, he decided to drop the ... (Read 71 times)

sarasara

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on: Jul 11, 2018
Mark owns a 2006 sedan. The last time Mark renewed his auto insurance, he decided to drop the physical damage insurance on this vehicle. How is Mark dealing with the auto physical damage exposure in his personal risk management program?
 
  A) risk transfer
  B) passive retention
  C) avoidance
  D) active retention

Question 2

Which of the following statements about captive insurance companies is (are) true? I. A captive insurance company established by a U.S. company must be domiciled in the United States. II. A captive insurance company may be owned by several parents.
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


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johnpizzaz

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: B


sarasara

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Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it

smrtceo

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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