Which of the Following Statements Is True About the State

question 3

Multiple Choice

Which of the following statements is true about the state guaranty association fund?

• A)All the states do not have state guaranty association fund for property/casualty and life/health insurance.
• B)They are security deposit pools made up of voluntary contributions
• C)Its contributions are from solvent, private insurance companies doing business in their respective states.
• D)It assesses each company on the basis of the percentage of its premium volume to cover the obligations to policyholders.
• E)Only companies who have volunteered to pool their funds are allowed to use it during difficult times.

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Definitions:

Research Practice

The regular engagement in systematic investigation and study in any field of knowledge to establish facts or principles.

Observations

The action or process of closely monitoring or noting phenomena to gain information.

Variables

Elements, characteristics, or factors that can change and affect the outcome of a study or experiment.

Hawthorne Effect

Modification of behavior by study participants due to their awareness of being observed, highlighting the influence of observation on research outcomes.