Which Act Imposed Risk-Based Insurance Premiums

question 69

Multiple Choice

Which act imposed risk-based insurance premiums?

• A)The Basel Accord of 1988
• B)The Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989
• C)The Federal Deposit Insurance Corporation Improvement Act (FDICIA) of 1991
• D)The Interstate Banking and Branching Efficiency Act (IBBEA) of 1994

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Definitions:

Group Decisions

The process of making choices or solving problems as a collective, where the input and perspectives of multiple individuals are considered.

Benefits and Risks

This encompasses the positive outcomes (benefits) and potential negative consequences (risks) associated with a particular action, decision, or strategy.

Resource Acquisition

The process of obtaining resources necessary for the operation of an organization or project.

No Substitute

The assertion that certain elements or aspects cannot be replaced by alternatives without loss of value or function.