________ risks are those that affect the MNE at the local or project level, but originate at the country level

Annuities can be funded through a single premium or through multiple premiums.

a. true b. false

Which of the following statements regarding insurers is CORRECT?

A) A stock company that issues both participating and nonparticipating life insurance policies is classified as a full lines company. B) The primary purpose of an insurance company that is organized as a stock insurer is to earn a profit for its stockholders. C) If a life insurance company is owned by its policyowners, it is a stock company. D) Mutual insurance companies sell insurance to insurers."