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Question 3 3. Which of the following statements is (are) true? 1. Insurance policies are insured by Guaranty Funds. II. The CAT bond buyers will

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Question 3 3. Which of the following statements is (are) true? 1. Insurance policies are insured by Guaranty Funds. II. The CAT bond buyers will lose the principal if there is no loss during the bond term. a. I only b. ll only c. Both I and II d. Neither I nor 11 ib b C

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