Frank purchased a building in a run-down area of a city
When Frank was unable to obtain property insurance in the voluntary insurance market, an agent suggested that he contact a state pool created in the 1960s that makes property insurance available in riot-prone areas. The state pool the agent referred to is called a(n)
A) unsatisfied judgment fund.
B) FAIR plan.
C) guaranty fund plan.
D) assigned risk plan.
Answer: B
Business
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The ________ is a GATT scheme that allows developing states to grant tariff preferences to each other without having to grant them to developed states
A. National treatment rule B. Generalized System of Preferences C. South-South Preferences D. Escape clause
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