1. Provisions of the federal Internal RevenueCode applicable to insurance companies:
A) establish different tax rates for insurers than for other corporations
B)tax insurers at the same rate as other corporations but define taxable income differently than for other corporations
C)exempt insurance companies from income tax, but impose a tax on premiums
D)establish different tax rates for insurers than for other corporations and define the taxable income of insurers differently than for other corporations
2. Examples of insurance-linked securities include all of the following except:
B)industry loss warranties.
C)catastrophe futures and options.
D)collateralized debt obligations.
3. The premium tax paid by insurers is levied?
A)by individual states on insurance written within the state.
B)by individual states on insurance written in other states by their domestic insurers.
C)only on foreign and alien insurers operating in a state.
D)by the federal government. Get Accounting help Today