Investigate the reinsurance industry. Is it still a common practice in the United States? Have there been any recent insurance scandals that involved the practice of reinsurance?
What will be an ideal response?
Reinsurance is a legitimate practice in the industry, which allows companies to sell their policies to other companies so that they can write additional policies and are not "wiped out" in the event of a disaster precipitating a deluge of expensive claims. Reinsurance companies function outside the formal regulatory system because they do not directly affect consumers. Many have operated offshore, where they can be protected by bank secrecy law of other countries. There were four major insurance company failures that were attributed to questionable reinsurance transactions.
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The core sample of Monitoring the Future is:
a. households b. high school seniors c. college students d. jail inmates
Which of the following is not considered to contribute to a healthy diet, and thus good mental health and well-adjusted behavior patterns?
a. Polyunsaturated fatty acids b. Minerals c. Vitamins d. Heavy metals such as lead and mercury
Successful prisoner reentry requires that parole and reentry support services focus on linking offenders with community institutions, such as churches, families, self-help groups, and _________
Fill in the blank(s) with correct word
The "_________________" standard of proof is higher than the usual civil evidentiary standard of "preponderance of the evidence" but somewhat lower than the standard of "beyond a reasonable doubt" that pertains to the criminal trial
a. totality of circumstances b. reasonable suspicion c. clear and convincing evidence d. probable cause