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    Question

    Reinsurance placed with a company not authorized in the

    reporting company’s state of domicile is called?
    A Universal Life Insurance Correct Answer Incorrect Answer
    B Unauthorized Reinsurance Correct Answer Incorrect Answer
    C Underwriter Correct Answer Incorrect Answer
    D Underwriting Risk Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Underwriters represent the group of representatives from an investment bank whose main responsibility  is to complete the necessary procedures to raise investment capital for a company issuing securities. Underwriters do not necessarily make guarantees concerning selling an initial public offering (IPO).

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