By Early 2016, 30 U

question 161

True/False

By early 2016, 30 U.S. states and the District of Columbia had passed laws allowing nonprofit organizations to incorporate as benefit corporations.

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Definitions:

Fee

A charge or payment for a service, often imposed by a professional or official body.

Property Insurance

Insurance coverage that provides financial reimbursement to the owner or renter of a structure and its contents in case of damage or theft.

Premiums

Payments made by individuals or businesses to insurance companies in exchange for coverage against specified risks.

Deductible

An amount of any loss that is to be paid by the insured.