The concept of "limited liability" of a corporation means that if, during any year, the company's costs exceed its revenue, the company is not liable for the difference even if its assets are greater than its liabilities.

What are the two broad categories of the private insurance industry? Break down the broad categories into their main parts

What will be an ideal response?

Mutual funds pool money from investors to purchase portfolios of investments

Indicate whether the statement is true or false.