Why are some mutual insurers referred to as "assessment mutuals"?
A) They charge low premiums because the loss exposures of their insureds are thoroughly assessed before a policy is written.
B) They are noted for being very thorough in their assessment of investment opportunities.
C) They are assessed for state premium taxes only if they make a profit.
D) They can assess policyholders if premiums are insufficient to pay losses and expenses.
Answer: D
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All of the following are true of protectionism EXCEPT:
A. industries must be shielded from foreign competition. B. large trade deficits of the United States must be reduced. C. maximum gain on a worldwide basis will be realized if capital flows are unrestricted. D. trade barriers in foreign countries restrict American imports to them.
Approximately what percentage of new college graduates are hired to fill externally filled jobs that require a college degree?
A) 7% B) 83% C) 16% D) 38%