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26. Westleyville Insurance Company has the following portfolio with the following investment percentages: 10% Bonds of international development corporations of which the Unites States is
26. Westleyville Insurance Company has the following portfolio with the following investment percentages: 10% Bonds of international development corporations of which the Unites States is a member 20% cash in U.S. Banks 25% medium grade bonds 35% investment grade common and preferred stock 10% secured Loans Does this investment portfolio meet the standards of the Risk-Based Capital Requirements required by state insurance departments and the National Association of Insurance Commissioners (NAIC)? Explain and defend your answer. (5 points) 26. Westleyville Insurance Company has the following portfolio with the following investment percentages: 10% Bonds of international development corporations of which the Unites States is a member 20% cash in U.S. Banks 25% medium grade bonds 35% investment grade common and preferred stock 10% secured Loans Does this investment portfolio meet the standards of the Risk-Based Capital Requirements required by state insurance departments and the National Association of Insurance Commissioners (NAIC)? Explain and defend your answer. (5 points)
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