Which of the following statements regarding Section II conditions under the homeowners policy is true?
A) Other insurance is handled on a pro rata basis.
B) Under no circumstances may the insured bring a lawsuit against the insurer.
C) The liability limit is the same regardless of the number of persons injured in a covered occurrence.
D) There is no requirement for the insured to submit written notification of a possible claim to the insurer.
Answer: C
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Fill in the blank(s) with correct word
The following information relates to the Tykex Company for 2014: Net income, $50,000 Common stock, shares outstanding on January 1 . 30,000 June 30, 2014, issued 2,000 shares of 8% cumulative convertible preferred stock, $100 par value, each share convertible into 1 . shares of common stock. September 30, 2014, issued a 40% stock dividend. What is diluted earnings per share?
a. $1.00 b. $0.89 c. $0.81 d. $0.76
In the Goldman Abacus deal, who determined what mortgages went into the investment pool?
a. Fabrice Tourre b. ACA c. John Paulson d. Lloyd Blankfein
The rights of workers to pay only that portion of union dues that is used for collective bargaining and contract administration are called "Beck rights."
Answer the following statement true (T) or false (F)