A nonparticipating company is sometimes called a(n)

A) alien insurer
B) mutual insurer
C) reinsurer
D) stock insurer

Ans: D) stock insurer

Business

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A ________ is a measure of the performance of a group of stocks that represent the market or a sector of the market.

A) stock market index B) stock grouping C) market composite D) portfolio return E) none of the above

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The effect of an arbitration clause in a contract is that:

A) Neither party may sue in a dispute over the contract. B) A dispute over the contract can be heard by arbitration or by trial at the option of the aggrieved (innocent) party. C) Any dispute over the contract must be tried before a judge without a jury. D) Any dispute over the contract must be tried by a judge and jury E) None of the above.

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