Which of the following is an advantage of state regulation of insurance over federal regulation of insurance?
A) uniformity of laws
B) greater efficiency
C) more effective in negotiating international agreements pertaining to insurance
D) quicker response to local insurance problems
Answer: D
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A column whose value uniquely identifies a given row in the table is the secondary key
a. True b. False Indicate whether the statement is true or false
Alyce owns a 30% interest in a continuing partnership. The partnership distributes a $35,000 year-end cash payment to Alyce. In a proportionate nonliquidating distribution, the partnership also distributed property (basis of $20,000, fair market value of $30,000) to Alyce. Immediately before the distributions of cash and property, Alyce's basis in the partnership interest was $60,000 . As a
result of the distribution, Alyce recognizes: a. No gain or loss. b. Ordinary loss of $5,000. c. Capital loss of $5,000. d. Ordinary gain of $5,000. e. Capital gain of $5,000.