State X's premium tax rate is 2 percent. State Y's premium tax rate is 3 percent. State X insurers are required to pay the 3 percent rate on business written in State Y
State X requires insurers from State Y to pay a 3 percent premium tax on business written in State X, even though the premium tax rate is only 2 percent in State X. This practice is known as a
A) tax tariff.
B) guaranty fund assessment.
C) risk-based capital requirement.
D) retaliatory tax law.
Answer: D
Business
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Using an ?-value of 0.3, what is the criterion of realism value?
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Being able to move with minimum inconvenience is an appealing aspect of buying a home
Indicate whether this statement is true or false.
Business