Which of the following statements about captive insurance companies is (are) true?

Insurance

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Which of the following statements about captive insurance companies is (are) true?

I. A captive insurance company established by a U.S. company must be domiciled in the United States.

II. A captive insurance company may be owned by several parents.

A) I only

B) II only

C) both I and II

D) neither I nor II

Answer: B) II only

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