3) Life insurance companies are regulated by state governments because
A) they have never experienced bankruptcy.
B) they have never experienced profitability.
C) they have never experienced widespread failures.
D) they hold only highly liquid assets.
4) The life insurance industry's share of total financial intermediary assets fell from 15.3% at the end of 1970 to 11.5% at the end of 1980 because of
A) poor investment returns in the 1970s.
B) widespread failures of life insurance companies.
C) federal regulations limiting the sale of life insurance.
D) unpredictability of payouts.
Ans) the correct option is C) they have never experienced widespread failures.
Ans) the correct option is A) poor investment returns in the 1970s.
3) Life insurance companies are regulated by state governments because A) they have never experienced bankruptcy....