Catastrophe Bonds Are Made Available to Institutional Investors in the Capital

question 30

Multiple Choice

Catastrophe bonds are made available to institutional investors in the capital markets through an entity that is specially created for that purpose.This is entity is called a

• A)risk retention group.
• B)fraternal insurance company.
• C)captive insurance company.
• D)special purpose reinsurance vehicle.

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Definitions:

Eyedrops

A liquid medicated formulation applied to the eye's surface to treat a variety of conditions or provide lubrication.

Elevated Pulse

A higher than normal heart rate, which may indicate stress, physical activity, or medical conditions.

Bitter Taste

A basic taste sensation often considered unpleasant characterized by substances such as quinine or caffeine.

Pill Form

Medication that is manufactured to be taken orally in the shape of a small, round or oval solid tablet.