Which of the Following Statements About Captive Insurers Is not

question 57

Multiple Choice

Which of the following statements about captive insurers is not correct?

• A) They are typically a subsidiary of a larger firm or firms.
• B) They are typically located in places where insurance regulation is less restrictive.
• C) They capitalize on their size to mitigate risks.
• D) They are typically located in places where insurance regulation is less costly.

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Definitions:

Culturally Competent

Having the capacity to understand, communicate with, and effectively interact with people across cultures.

Public Administrators

Individuals who manage public agencies or non-profit organizations, implementing policies and managing resources to serve the public.

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Fundamental concepts that guide a democracy, including the rule of law, equal rights, freedom of speech, and the participation of the citizens in political decision-making.

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