Which of the Following Is a Not Peril

question 63

Multiple Choice

Which of the following is a not peril?

• A)Fire
• B)Wind
• C)Frozen water pipes
• D)Smoking

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Definitions:

Unregistered Securities

Securities that have not been registered with the Securities and Exchange Commission (SEC) and thus cannot be legally sold in the public securities markets.

1933 Act

Also known as the Securities Act of 1933, it is a U.S. law enacted as part of the New Deal, requiring securities sold to the public through a formal offer to be registered and to disclose relevant financial information.

Registration

The process of recording information officially, often pertaining to a company, security, or property, to ensure legal recognition.

1933 Act

Also known as the Securities Act of 1933, it is a federal law enacted to ensure more transparency in financial statements and prevent fraud in the securities market.