Which of the following statements about the licensing of insurance companies is (are) true?
I. A new capital stock insurer must meet minimum capital and surplus requirements, which vary by state and line of insurance.
II. The licensing requirements for insurance companies are less stringent than those imposed on most other types of firms.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: A
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Kiddie Clothes wishes to locate its warehouse so that it would serve its four different stores, described as follows
Based on the center of gravity, what are the x and y coordinates of the proposed warehouse location? Store x y Trips / Day A 1 4 5 B 2 2 1 C 4 3 2 D 3 2 3 A) x is less than or equal to 3; y is less than or equal to 2. B) x is less than or equal to 3; y is less than or equal to 2.5. C) x is greater than or equal to 2.5; y is greater than or equal to 3. D) x is less than or equal to 2.5; y is greater than or equal to 2.9.
After a company earns ISO certification, a registrar visits the company to ensure continued quality. What kind of warning does the company receive before these visits?
A) 1 month warning B) 1 week warning C) 3 day warning D) 24 hour warning E) no warning