A source of tax-free income is
A) interest on municipal bonds.
B) inheritances.
C) foreign income incurred by U.S. citizens living and working abroad.
D) All of the above are sources of tax-free income.
Answer: D
Business
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Codes of professional responsibility are legally enforceable.
a. true b. false
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Which of the following is an incorporated insurer that does not have capital stock and has a governing body that is elected by its policyholders?
A) Mutual insurer B) Stock insurer C) Reciprocal insurer D) Guaranty association"
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