Which of the following best describes a competitive state when it comes to workers' compensation coverage?
A. Private insurance companies write workers' compensation coverage, but the state also writes coverage that competes with the coverage offered by private carriers.
B. All workers' compensation coverage offered in the state is provided by private insurance carriers that compete against one another.
C. All workers' compensation coverage offered in the state is provided by state government programs.
D. All workers' compensation coverage offered in the state must be provided by the state's residual market program.
Ans: A. Private insurance companies write workers' compensation coverage, but the state also writes coverage that competes with the coverage offered by private carriers.
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Which of the following is true of consolidated statements?
A) They combine the balance sheets, income statements, and statements of cash flows of the parent company with those of its peer group firms. B) They combine the balance sheets, income statements, but not the statements of cash flows of the subsidiary company using the consolidation method. C) They combine the balance sheets, income statements, and statements of cash flows of the subsidiary company with those of its investee firms. D) They combine the balance sheets, income statements, and statements of cash flows of the parent company with those of its controlling interest affiliates.
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