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  1. Topics
  2. Business
  3. Financial Management Principles and Applications Study Set 3
  4. Quiz 21: Corporate Risk Management

It Is Not Legal for a Corporation to Hold Life

Question 30
True False

It is not legal for a corporation to hold life insurance policies on its employees.

Related questions
Q 31
Directors and officers insurance protects the company if key personnel die or leave the firm for other opportunities.
Q 32
The decision to purchase insurance is justified if the cost of the contract is less than the expected loss.
Q 33
The purchase of a forward contract involves the transfer of the risk of a loss from one entity to another.
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