The number of title insurance companies operating in State Z is relatively low. Recently, the largest of these companies (50 percent market share) acquired the second largest company (30 percent market share)
Immediately after the acquisition, the insurer raised premiums by 75 percent. This scenario demonstrates which of the following rationales for the regulation of insurance?
A) maintain insurer solvency
B) prohibit unfair sales practices by agents
C) ensure reasonable rates
D) make insurance available
Answer: C
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The main difference between activity-based costing and traditional costing systems is that activity-based costing uses a separate allocation base for each activity
Indicate whether the statement is true or false
In cooperative ownership the title to real property is:
A. Held in severalty by a corporation. B. Held in severalty by the individual shareholders. C. Held as a joint tenancy by the corporation. D. Held as a joint tenancy by the individual shareholders.