All of the Following Statements About Captive Insurers Are True

question 29

Multiple Choice

All of the following statements about captive insurers are true EXCEPT

• A)They may act as a profit center by insuring parties other than the parent company.
• B)They provide a way to obtain types of insurance that may be unavailable from commercial insurers.
• C)They increase the volatility of the parent company's earnings.
• D)They make it easier for a firm to have access to reinsurance.

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Definitions:

Phenelzine (Nardil)

A type of antidepressant known as a monoamine oxidase inhibitor (MAOI) used to treat symptoms of severe depression by affecting brain chemistry.

Sodium Intake

The quantity of sodium consumed in the diet, important for maintaining fluid balance but excessive intake can be harmful to health.

Over-The-Counter Medications

Medicines available without a prescription used to treat common health issues and symptoms.

Major Depressive Disorder

A mental health condition characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities, affecting daily functioning.