Under which type of automobile insurance arrangement are all automobile insurers in a state assigned their proportionate share of high-risk drivers based on the total volume of automobile business written in the state?
A) automobile insurance plan
B) unsatisfied judgment fund
C) reinsurance facility
D) specialty automobile plan
Answer: A
You might also like to view...
List and describe at least five different Internet business models. Which of these models do you think would be the most risky for a startup business today? Support your answer
What will be an ideal response?
Zambrano Corp. decided to go into the market to repurchase bonds before their due date. The following are the balances of the accounts on the date of the retirement:
Bonds Payable $5,000,000 Bond Discount $30,000 Unamortized Bond Issue Cost $45,000 Cash Paid for Bonds $4,900,000 What is the gain or loss on the early extinguishment of the bonds? A) $85,000 loss B) $25,000 loss C) $25,000 gain D) No gain or loss is recognized.