Which of the Following Statements About State Insurance Guaranty Funds

question 27

Multiple Choice

Which of the following statements about state insurance guaranty funds is (are) true?
I.They limit the amount that policyholders can collect if an insurer becomes insolvent.
II.They are usually funded by general revenues of the states.

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

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Definitions:

Absorption

The process by which substances are taken up into or across tissues, such as the absorption of nutrients by the intestines.

Positive Energy Balance

A condition where energy intake exceeds energy expenditure, possibly leading to weight gain.

Calories

Units of energy provided by food or drink, which the body uses to sustain its functions and activities.

Binge-Eating Disorder

A psychological disorder characterized by recurrent episodes of consuming large amounts of food while feeling a loss of control.