Which statement about a company's cost of risk is (are) true? I. Cost of risk includes insurance premiums and retained losses. II. Reducing the cost of risk increases profitability. I only II only both I and II neither I nor II
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Text: Keith's insurance agent is attempting to explain some of the basic insurance terms. Select the CORRECT statement(s) presented by the insurance agent. I. Malicious mischief is an example of a peril. II. The ability to contribute to a health savings account is an example of risk retention. III. Lighter fluid left near a gas heater is an example of a physical hazard. IV. An example of risk reduction would be installing smoke detectors in your home. A) I, II, and IV B) I, II, III, IV C) II and IV D) I, II, III
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Which of the following is true with respect to a public national health insurance system (i.e., a "single-payer" system)? Choose all correct options from the following list. I. It would not resolve the problem of job lock. II. It would reduce the administrative costs associated with the health insurance sytem. III. It would require massive new government expenditures. a. I only b. Both II and III are correct. c. Both I and II are correct. d. II only e. III only
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Life insurance premiums paid by a corporation on behalf of its employees: I. are deductible for financial reporting purposes to arrive at book income, regardless of who the beneficiary of the policy is II. are NOT deductible for tax purposes if the corporation pays the premiums on behalf of employees and the employees can name the beneficiary of the policy A. I only B. II only C. Both I and II D. Neither I nor II
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