Which of the Following Statements About Monoline Insurance Companies Is

question 19

Multiple Choice

Which of the following statements about monoline insurance companies is TRUE?

• A) Monoline insurers do not guarantee the timely repayment of the bond principal and interest when a bond insurer defaults on these payments.
• B) Monoline insurance companies often require a lengthy claims and submission and adjustment process.
• C) Monoline insurance was first devised in 2000.
• D) Monoline insurers have been rated AAA and must have this high rating to be effective since they transfer their rating to the bond issue being insured.

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Definitions:

Psychosurgery

A medical intervention that involves the destruction of specific regions of the brain to treat psychological disorders.

Psychotherapy

A therapeutic treatment involving psychological methods, principally when based on regular personal interaction with adults, to help a person change behavior and overcome problems in desired ways.

Biomedical Therapy

Treatments for mental disorders that involve physiological interventions, such as medication, surgical procedures, or electroconvulsive therapy.

Lithium

Lithium is a chemical element often used in the treatment of bipolar disorder to help stabilize mood and reduce the severity of mood swings.