A Corporate Charter Is Filed with

question 43

Multiple Choice

A corporate charter is filed with

• A)a state's Secretary of State office.
• B)a state's Treasury and/or Revenue Division.
• C)the United States Department of Commerce.
• D)the Securities and Exchange Commission.

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Definitions:

Nonpayment

The failure to fulfil a financial obligation, such as not making a required payment to a lender or vendor by the due date.

Insurance Company

A business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments.

Insured Party

An individual or entity that is covered under an insurance policy and is entitled to receive compensation for loss, damage, or liability.

Insurance Contract

An agreement between an insurer and an insured where the insurer agrees to compensate the insured for specific losses in exchange for premiums.