Regulatory balance sheet restrictions are designed to

_____

A)Encourage high risk taking by proper diversification

B)Limit proper diversification

C)Limit risk-taking and encourage diversification

D)Limit the size of depository institutions

Life insurance companies tend to be larger in asset size than casualty insurance companies because of

_____

A)Their special income tax exclusions

B)The selective underwriting processes for policy issuances

C)The long-term, accumulative nature of whole life policies

D)The characteristics of their term polices

Which of the following is a reason that some mutual insurers have converted to stock institutions?

______

A)To merge with other institutions more easily

B)To sell stock and increase their net worth

C)To attract top-class personnel

D)All of the above