Use the Following Two Columns of Items to Answer the Matching

question 82

Short Answer

Use the following two columns of items to answer the matching questions below:
-financial responsibility laws
A)pays for injuries to you or people in your car in an accident where you (the driver) are at fault
B)requires individuals who drive cars to purchase a minimum amount of liability insurance
C)a set dollar amount that you are responsible for paying before any coverage is provided by your insurer
D)covers damage to your car when you are at fault in an accident
E)vehicle insurance to cover various injuries, your property, and the property of others
F)covers damage to your car as a result of theft, fire, vandalism, or various other events

• A)pays for injuries to you or people in your car in an accident where you (the driver) are at fault
• B)requires individuals who drive cars to purchase a minimum amount of liability insurance
• C)a set dollar amount that you are responsible for paying before any coverage is provided by your insurer
• D)covers damage to your car when you are at fault in an accident
• E)vehicle insurance to cover various injuries, your property, and the property of others
• F)covers damage to your car as a result of theft, fire, vandalism, or various other events

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Definitions:

Closely Held

Refers to a business that has a small number of shareholders, often family members, without public stock offerings.

Offer Stock

The process by which a corporation issues new shares of stock to potential buyers, typically to raise capital.

Incorporator

An individual or entity that is responsible for the creation and filing of a company's founding documents with the relevant state agency.

Incorporation

The process of legally declaring a corporate entity as separate from its owners, providing it with legal rights and obligations.