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Which of the Following Statements About Captive Insurance Companies Is

question 12

Multiple Choice

Which of the following statements about captive insurance companies is (are) true?
I.A captive insurance company established by a U.S.company must be domiciled in the United States.
II.A captive insurance company may be owned by several parents.

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Definitions:

Fur Trappers

Individuals involved in the capture and sale of animal furs, often contributing to the early exploration and settlement of North America.

American "Frontier"

Referred to the boundless, undeveloped land west of the settled areas in America, often symbolizing opportunities and the spirit of exploration.

Leatherstocking Tales

A series of five novels by James Fenimore Cooper, featuring the adventures of the frontiersman Natty Bumppo, significant in American literature for their portrayal of early American life and wilderness.

Daniel Boone

An American pioneer, explorer, woodsman, and frontiersman whose frontier exploits made him one of the first folk heroes of the United States.

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