Which of the Following Statements Regarding Terrorism Insurance Is (Are)

question 28

Multiple Choice

Which of the following statements regarding terrorism insurance is (are) true?
I.There is a federal backstop if terrorism claims are catastrophic.
II.Private insurers market terrorism insurance.

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

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Definitions:

Technology

The application of scientific knowledge for practical purposes, especially in industry and the development of devices, systems, or methods.

Organizational Environment

Encompasses all external and internal factors that affect an organization's functioning, including economic, technological, social, and regulatory influences.

Divisionalized Structure

An organizational structure made up of semi-autonomous units or divisions, each with its own operations, resources, and objectives.

Diverse Environments

Settings or contexts characterized by a rich variety of backgrounds, cultures, and perspectives among individuals or elements.