Which of the following statements about captive insurance companies is
Which of the following statements about captive insurance companies is (are) true? I. A captive insurance company established by a U.S. company must be domiciled in the United States. II. A captive insurance company may be owned by several parents.
A) I only
B) II only
C) both I and II
D) neither I nor II
ANSWER
Answer: B
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