Explain what a guarantee fund is. How are guarantee funds financed?
What will be an ideal response?
A guarantee fund is designed to protect insureds from losses due to insolvent insurers. Guarantee funds are funded from assessments on all insurers doing business in a particular state.
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To record a bond investment made between interest payment dates, Investment in Bonds would be debited and Cash and Interest Revenue would be credited
a. True b. False Indicate whether the statement is true or false
As a general rule of thumb, the average number of days that receivables are on the books should not be greater than ____________________ the regular length of the credit period
Fill in the blank(s) with correct word
Modern antitrust law's focus is on
A. protecting the competitive process. B. protecting individual companies. C. protecting individual companies and the competitive process. D. protecting neither individual companies nor the competitive process.
When designing a document, how can you create variety while using only one typeface?
A. change the size of the typeface B. change the weight of the typeface C. change the color of the typeface D. all of these