The largest asset on property-casualty insurers' balance sheet as of 2012 was

A. cash.
B. bonds.
C. common stock.
D. short-term securities.
E. mortgages and mortgage-backed investments.

Ans: B. bonds.

Business

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If an agent or producer diverts funds belonging to an insurer to her own use, she has committed the illegal act of

A) embezzlement B) theft C) commingling D) fraud"

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Title companies may complete all the documents, including legal ones, for closing.

a. true b. false

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