One of the principal goals of the NAIC
A) consumer protection
B) standardize reserve requirements
C) fair and orderly markets
D) none of the above
Correct Answer:
Verified
Q14: Mutual funds face market risk, but little
Q15: Convergence refers to:
A) mergers
B) assets
C) equity
D) none
Q16: Consolidation refers to:
A) debt
B) assets
C) lines of
Q17: Insurance companies are allowed to own shares
Q18: Whole life is the same as:
A) term
B)
Q19: Life insurance companies are regulated by
A) OCC
B)
Q21: Annuities provide for
A) product liability
B) savings
C) credit
Q22: S. life insurance companies are
A) term
B) whole
Q23: Citigroup could be classified as
A) BIS
B) ETF
C)
Q24: Operational risk refers to
A) fraud
B) failed internal
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