Risk Managers Working Outside the U

question 39

Multiple Choice

Risk managers working outside the U.S.often use admitted insurers,even when they are not legally required to do so by the foreign government. Why?

• A)even when the foreign government does not require it, the US government does
• B)this is part of the unwritten code of ethics that US risk managers voluntarily adhere to
• C)it results in both premiums and losses being expressed in terms of local currency
• D)because foreign insurance contracts are generally written in English

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Definitions:

Active Voice

A grammatical structure where the subject of the sentence performs the action expressed by the verb.

Passive Voice

A grammatical voice where the subject of the sentence is acted upon by the verb, often used to remove focus from the subject or to create a sense of generality.

Indirect Pattern

A communication strategy where the main point or conclusion is placed towards the end of the message, preceded by supporting details or explanations.

Organizational Strategy

A plan of action aimed at achieving the long-term goals and overall objectives of an organization.