Choose the Word or Phrase in [ ] Which Will

question 134

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Deciding which people will be insured by an insurance company is a function of the [agent | underwriter].

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Definitions:

Rights Offering

An opportunity for existing shareholders to purchase additional shares of a company at a predetermined price before the company offers them to the general public.

Underwriting Provision

A term in an agreement that outlines the responsibilities and risks taken by an underwriter in facilitating a public offering of securities.

Private Placements

A method of raising capital through the sale of securities to a small number of selected investors rather than through a public offering.

Rights Offering

A financial offering in which a company gives existing shareholders the right to buy additional shares at a discounted price before offering it to the public.