Which of the following statements about monoline insurance companies is TRUE?
A) Monoline insurers do not guarantee the timely repayment of the bond principal and interest when a bond insurer defaults on these payments.
B) Monoline insurance companies often require a lengthy claims and submission and adjustment process.
C) Monoline insurance was first devised in 2000.
D) Monoline insurers have been rated AAA and must have this high rating to be effective since they transfer their rating to the bond issue being insured.
Correct Answer:
Verified
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Q11: Which of the below statements is FALSE?
A)
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