Which statement is false concerning insurance company regulations?
A. Insurers may not advertise their membership in the Guarantee
Association.
B. An insurer suffering from an impairment of their minimum required paid-in capital is labeled solvent.
C. The commissioner may begin conservation proceedings against
companies who cannot meet solvency regulations.
D. An insurer may be liquidated if conservation proves to be futile.
Ans: B. An insurer suffering from an impairment of their minimum required paid-in capital is labeled solvent.
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What is an advantage of a land contract to a seller?
A. A land contract can be quicker than traditional mortgage financing. B. The seller has considerable flexibility in negotiating the terms of the contract. C. The seller does not receive a large sum of money at one time for which he/she may be taxed. D. All of the above
Mullin talks about ____ the Numi brand, developing a specific marketing mix that will influence potential customers' overall perception of the brand, by targeting natural health food stores, university coffee shops, and fine dining establishments.
a. Segmenting b. Satisficing c. Optimizing d. Positioning