The Major Argument in Favor of an Optional Federal Charter

question 30

Multiple Choice

The major argument in favor of an optional federal charter for insurers is that

• A)small insurers need a national charter to be competitive with large insurers.
• B)a federal charter will prevent insurer insolvencies.
• C)a federal charter will provide greater oversight of insurer market practices.
• D)national insurers are at a competitive disadvantage under the present system.

---

Definitions:

Wrongful Discharge

Termination of an employee's contract in violation of legal or contractual terms.

Training

The process of teaching or developing in oneself or others the skills and knowledge needed to perform a particular job or activity.

Development

The process of growth, progress, or evolution, often referring to economic, social, or personal advancement.

Basics of HRM

Fundamental principles and practices of Human Resource Management, which include recruitment, training, development, compensation, and performance management of employees.