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Strong Arms Company has a large fleet of vehicles. To meet state financial responsibility requirements, Strong Arms can purchase auto liability insurance from a commercial
Strong Arms Company has a large fleet of vehicles. To meet state financial responsibility requirements, Strong Arms can purchase auto liability insurance from a commercial insurer. Alternatively, Strong Arms might be able to
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a become qualified as a selfinsurer.
b pay a tax penalty that is less than the cost of insurance.
c qualify as a government contractor.
d use its fleet as colla al to demonstrate financial responsibility.
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