Which of the following statements concerning flood insurance is false?
A)
You can only purchase flood insurance if you are in a Special Flood Hazard Area.
B)
If you are in a Special Flood Hazard Area you will only be extended a mortgage if you have flood insurance.
C)
You need to contact a private insurer to purchase federal flood insurance.
D)
Flood insurance is subsidized by the federal government.
A
You might also like to view...
Morgan Insurance Ltd. issued a fixed-rate perpetual preferred stock three years ago and placed it privately with institutional investors. The stock was issued at $25 per share with a $1.75 dividend. If the company were to issue preferred stock today, the yield would be 6.5 percent. The stock's current value is:
a. $25.00. b. $26.92. c. $37.31.
A whole life policy option where extended term insurance is selected is called a(n)
A) dividend option B) settlement option C) nonforfeiture option D) interest-only option