Non-deposit taking financial institutions that acquire funds by issuing commercial paper or stock and bonds or borrowing from banks, and that use the proceeds to make loans are known as ________. barter companies finance companies commodity companies redistribution companies Sales finance companies compete directly with banks for ________. Question 22 options: consumer loans credit lines deposit accounts business loans Consumer finance companies typically make loans to consumers for all of the following except to ________. purchase accounts receivables at a discount buy particular items such as furniture or home appliances to make home improvements refinance small debts

Which of the following is an example of a fully funded plan? Contributions are sufficient to payout the benefits but earnings are not. Earnings are sufficient to payout the benefits but contributions are not. Contributions and earnings are sufficient to payout the benefits. Contributions and earnings are not sufficient to payout the benefits.

Which of the following is an example of an underfunded plan? Earnings are sufficient to payout the benefits but contributions are not. Contributions and earnings are not sufficient to payout the benefits. Contributions and earnings are sufficient to payout the benefits. Contributions are sufficient to payout the benefits but earnings are not. Demutualization refers to ________.

the conversion of mutual fund companies from being owned by policy holders to stock holders the conversion of mutual fund companies from being owned by stock holders to policy holders the conversion of insurance companies from being owned by stock holders to policy holders the conversion of mutual insurance companies from being owned by policy holders to stock holders Individual life insurance ________.

is sold one policy at a time is regulated by the Bank of Canada has been extremely volatile over time is sold to a group of people at a time Group life insurance ________.

is sold to a group of people under a group policy is sold to a group of people under a single policy is sold to a single person under a group policy is sold to a single person under a single policy Life insurance company regulation is the responsibility of ________.

the OSFI and the Bank of Canada the OSFI and the CDIC the OSFI and Assuris the Bank of Canada and Assuris An example of permanent insurance is ________ insurance, and an example of temporary insurance is ________ insurance.

term; whole life term; variable life whole life; variable life whole life; term