When a Business Creates a Subsidiary to Handle the Risk

question 43

True/False

When a business creates a subsidiary to handle the risk exposures, the business creates a captive.

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Definitions:

Computer

An electronic device capable of processing information according to a set of instructions, used for a wide range of tasks.

Turn Off

To stop the operation or function of a device, system, or machine by manipulating a control, switch, or mechanism.

Computer

A device that processes, stores, and retrieves information through logical operations and sequences.

Co-Pays

Fixed amounts paid by an insured person for covered health care services, usually due at the time of service.