Insurance Contracts Are Not Required to Be in Writing Because

question 22

True/False

Insurance contracts are not required to be in writing because they can be fulfilled in less than one year but some states require they be in writing.

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Definitions:

Repurchase

The act of buying back shares of its own stock by a company, reducing the number of outstanding shares in the market.

Equity Financed

The practice of raising capital for a business through the sale of shares in the company.

Cost of Debt

The effective rate that a company pays on its current debt, which can include bank loans, bonds, and other forms of debt.

Repurchasing Shares

The act of a company buying back its own stocks from the marketplace, which can affect the company’s share price and equity structure.