1. Corporate bonds that permit the issuer of the bond to skip or reduce the interest payments and even the principal; depending on how the bonds are structured, if a catastrophic loss occurs is

   	A.	Junk bond
   	B.	Catastrophe bonds
   	C.	Hedge bond
   	D.	Corperate Bond

1 points

QUESTION 7

1. Types of claims adjustors include:

   		An insurance agent often has authority to settle small first-party claims up to some limit
   		The primary assets for an insurance company are financial assets
   		Agent who is doing the face-to-face contact for the insured
   		Business that requires approval by a senior underwriter