the economics of money, banking, and financial markets

332 #

© 2014 Pearson Canada Inc.#

4. 
   

   The conversion of insurance companies from being owned by policy holders to stock holders
   is known as ____.
   A) conversion
   B) securitization
   C) demutualization
   D) regulation
   Answer: C
   Diff: 1 Type: MC Page Ref: 271
   Skill: Recall
   Objective List: 12.1 Identify the important aspects of the insurance industry

   
   


5. 
   

   Individual life insurance ____.
   A) is regulated by the Bank of Canada
   B) is sold one policy at a time
   C) has been extremely volatile over time
   D) is sold to a group of people at a time
   Answer: B
   Diff: 1 Type: MC Page Ref: 271
   Skill: Recall
   Objective List: 12.1 Identify the important aspects of the insurance industry

   
   


6. 
   

   Group life insurance ____.
   A) is sold to a single person under a group policy
   B) is sold to a single person under a single policy
   C) is sold to a group of people under a group policy
   D) is sold to a group of people under a single policy
   Answer: D
   Diff: 2 Type: MC Page Ref: 271 - 272
   Skill: Recall
   Objective List: 12.1 Identify the important aspects of the insurance industry

   
   


7. 
   

   Life insurance company regulation is the responsibility of ____.
   A) the OSFI and Assuris
   B) the Bank of Canada and Assuris
   C) the OSFI and the CDIC
   D) the OSFI and the Bank of Canada
   Answer: A
   Diff: 1 Type: MC Page Ref: 271
   Skill: Recall
   Objective List: 12.1 Identify the important aspects of the insurance industry