A Reciprocal Exchange Is Managed by a Corporation That Is

question 35

Multiple Choice

A reciprocal exchange is managed by a corporation that is authorized to collect premiums,pay losses,invest funds,seek new members,and perform other functions.This corporate manager is called a(n)

• A)holding company.
• B)attorney-in-fact.
• C)resident agent.
• D)captive manager.

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Definitions:

Cognitive Perspective

A psychological approach focusing on the mental processes of knowledge acquisition, problem-solving, and decision-making.

Need-Based Theory

A psychological theory suggesting that motivation is driven by an individual's desire to fulfill unmet needs.

Extrinsic Motivation

Motivation that is driven by external rewards such as money, fame, grades, or praise.

Reinforcement Theory

A psychological theory suggesting that behavior is driven by its consequences, reinforcing desirable behaviors while discouraging undesirable ones.