Which of the Following Statements About the Risk of Terrorism

question 52

Multiple Choice

Which of the following statements about the risk of terrorism in the United States is (are) true?
I.Congress created a federal backstop for terrorism claims.
II. Coverage for losses attributable to terrorism is not marketed by private insurers in the U.S.

• A) I only
• B) II only
• C) both I and II
• D) neither I nor II

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Definitions:

Tenants in Common

Tenants in common refers to a form of co-ownership where each owner has a distinct, undivided interest in the property, which may be unequal in size and may be transferred independently.

Offshore Partnerships

Financial or business arrangements made in jurisdictions with favorable tax laws to maximize profit and minimize tax liability.

Technological Competence

Technological competence involves the knowledge, skills, and abilities to effectively use technological tools and processes in a specific domain or activity.

Fiduciary Relationship

A legal relationship in which one party, the fiduciary, is obligated to act in the best interest of another party, typically in financial or property matters.