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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
(Search Chapter 1).
a. become qualified as a self-insurer.
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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