Which of the following is NOT true about a limited liability company?
a. It is a noncorporate business organization.
b. In most states, an LLC must have at least two members.
c. It may elect not to be a separate taxable entity.
d. An ownership interest may be considered a security.
b
Business
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The NAIC Unfair Claim Settlement Practices Act is intended to cover all of the following types of insurance claims, EXCEPT:
a. Health insurance claims. b. Dwelling and Homeowners insurance claims. c. Automobile liability claims. d. Boiler & Machinery (Equipment Breakdown) insurance claims.
Business
An issuer is permitted to assert a due diligence defense against the imposition of Section 11 liability
Indicate whether the statement is true or false
Business