Multiple Choice
Which of the following statements is false?
A) Trucking companies spend about 3% of their operating expenses on insurance premiums
B) Federal law requires trucks traveling across state lines to have at least $1.5 million in liability insurance
C) The peril causing the largest amount of inland marine losses is theft
D) Inland marine insurance developed because commerce in the U.S. moved inland
Correct Answer:
Verified
Correct Answer:
Verified
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