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What is bought and sold in the equities market? Whats the difference between an LLC and a standard limited liability corporation (aka, a C corporation

  1. What is bought and sold in the equities market?
  2. Whats the difference between an LLC and a standard limited liability corporation (aka, a C corporation in IRS parlance)?
  3. Explain what is meant by the corporate veil and piercing the corporate veil?
  4. What is an insurance reserve AND is it an asset or a liability on the insurers financial statements?
  5. Whats the difference between a profit statement and a net worth statement?
  6. How does an insurer make a profit in each of these three categories?
  1. Underwriting Profit
  2. Investment Profit
  3. Operations Profit
  1. Explain why the twin financial mandates of solvency and profitability create a conflict for an insurer.

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