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Why Are Some Insurance Companies Interested in Programs for Nationwide

question 90

Essay

Why are some insurance companies interested in programs for nationwide disaster insurance for floods, earthquakes, and hurricanes?


Definitions:

Stated Value

In accounting, a value assigned to share capital that does not have a par value; used for legal capital determination.

No-par Stock

Stock issued without a specified face value or par value.

Share

An individual portion of ownership in a corporation, represented by a stock.

Registrar

An official responsible for keeping a record, such as of a company's shareholders or university student enrollments.

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