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WCC Final Exam Questions and Answers 100% Solved | Graded A+

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WCC Final Exam Questions and Answers 100% Solved | Graded A+ What must the public be able to do regarding any financial institution? Over time how has who is committing the crime of embezzlement changed? - People originally thought poor people were committing embezzlement due to needing money....

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  • October 13, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • WCC
  • WCC
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JOSHCLAY
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

WCC Final Exam Questions and

Answers 100% Solved | Graded A+


What must the public be able to do regarding any financial institution? Over

time how has who is committing the crime of embezzlement changed? -

✔✔People originally thought poor people were committing

embezzlement due to needing money. Now it is the rich corporate men who

just want more money.

Who regulates the insurance industry and what poses the greatest danger

to the public from insurance companies? - ✔✔Little federal oversight

regulation is done by the states.

The greatest danger is to the public from insurance companies is claimants

not receiving their benefits.

Are regulators able to keep track of unscrupulous insurance companies? -

✔✔Regulators don't keep track of unscrupulous insurance companies.

What is reinsurance and how is it regulated? What is premium diversion? -

✔✔-Sell the policies to someone else

, ©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

Sell it to offshore companies

- pd: Creating phony assets (2)

Lend assets to each other

Where are fraudulent insurance companies often based? What are

economic citizenships and are any of them legitimate. - ✔✔Economic

citizenships

Not illegal

But the way the guy did it was illegal

State regulators slow to act

1. Not enough state officials to help catch this

2. Too cozy

Have Pension Funds been subject to the same losses of theft and

manipulation as other financial institutions? - ✔✔Only 7 % of companies

only offer traditional pensions

Government

What was MEWA designed to do and why did it not work out as well as

planned? - ✔✔Multiple

Employer

Welfare

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