Which of the Following Statements About Premium Taxes Is (Are)true

question 2

Multiple Choice

Which of the following statements about premium taxes is (are) true?
I.They are levied by the federal government as a result of the McCarran-Ferguson Act.
II.Their primary purpose is to provide funds for insurance regulation.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

---

Definitions:

Daily Basis

A term referring to activities or tasks that occur every day as a part of a regular schedule or routine.

Intelligence Information

Data and insights gathered for the purpose of informing decision-making, particularly in contexts of national security, planning, and strategy development.

Aptitude Tests

Standardized assessments designed to evaluate an individual's capability to perform specific tasks or skills.

External Environment

All external factors outside an organization that influence its operations, including economic, sociocultural, and legal aspects.