RISKS'R'US Insurance Company, who Brenda has her home insured with, became insolvent the same day her house was struck by lightning. Damage to her home was $7,500. What is the best thing for Brenda to do now? Select one: O a. Become a bag lady. O b. Try to collect something from the reinsurance companies RISKS'R'US has treaties with. O . Pay the damages herself. O d. Sue RISKS'R'US for payment like their other creditors. O e. Try to collect something from her states' guaranty fund.
RISKS'R'US Insurance Company, who Brenda has her home insured with, became insolvent the same day her house was struck by lightning. Damage to her home was $7,500. What is the best thing for Brenda to do now? Select one: O a. Become a bag lady. O b. Try to collect something from the reinsurance companies RISKS'R'US has treaties with. O . Pay the damages herself. O d. Sue RISKS'R'US for payment like their other creditors. O e. Try to collect something from her states' guaranty fund.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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