Which of the following statements regarding a risk retention group is TRUE?
A) Its sole purpose is to provide liability insurance to its policyholders.
B) Policyholders may be from any type of industry.
C) Risk retention groups are federally regulated.
D) A risk retention group may provide any type of insurance."
Ans: A) Its sole purpose is to provide liability insurance to its policyholders.
Business
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When a dam broke, the flow of water cut a strip of land from the river bank. This would be known as:
A: Accretion; B: Alluvion; C: Reversion; D: Avulsion.
Business
Stu whips up a schedule based on the critical ratio criterion. What is the average number of assignments in the system?
A) 3.91 B) 3.71 C) 3.53 D) 3.14
Business