Multiple Choice
Life insurance guaranty funds
A) are sponsored by state insurance regulators.
B) involve a permanent reserve fund similar to the FDIC's bank deposit reserve.
C) require uniform contributions from each state when there is a failure of an insurance company.
D) make policyholder payments immediately in the event of an insurance company failure.
E) are regulated by the Federal Reserve Bank.
Correct Answer:
Verified
Correct Answer:
Verified
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