Under which type of automobile insurance arrangement are all automobile insurers in a state assigned their proportionate share of high-risk drivers based on the total volume of automobile business written in the state?
A) automobile insurance plan
B) unsatisfied judgment fund
C) reinsurance facility
D) specialty automobile plan
Answer: A
You might also like to view...
Rover Corporation is a regular corporation that has not elected S corporation status. In 1994,
Rover earns $100,000; in 1995, Rover distributes $50,000 to its shareholders. Which of the following best describes the tax consequences to Rover and its shareholders? A) Rover is taxed on $100,000 in 1994; the shareholders are not subject to tax B) The shareholders are taxed on $100,000 in 1994; Rover is not subject to tax C) Rover is taxed on $100,000 in 1994; the shareholders are taxed on $50,000 in 1994 D) Rover is taxed on $100,000 in 1994; the shareholders are taxed on $50,000 in 1995 E) Neither Rover nor its shareholders are subject to tax.
Common stockholders have the right to _____.
A. vote for the changes in a firm's charter B. convert their stock into bonds C. receive the cash distributions before preferred stockholders D. receive the par value of shares on liquidation E. receive cumulative dividends
Which company is famous for its switching technology?
A) Cisco B) Frisco C) Bosco D) Lexco
Chapter 11 bankruptcies, which are filed by businesses:
a. force the sale of all business assets b. wipe the slate clean of debts for a business and allow it to continue operating c. allow a business to keep operating under reorganization of its activities and its debts d. prohibits the firm from starting any new operations, and it must wind up all old business e. none of the other choices