Define reinsurance and how it is used by property and casualty companies.

Discuss the role of the Securities Exchange Commission (SEC) and the National Association of Securities Dealers (NASD) in regulating the securities industry. Also discuss the role that the stock exchanges play in regulation.
The Securities Investor Protection Corporation (SIPC) plays an interesting role in the securities market; discuss its purpose.
Discuss the role foreign markets have played in the expansion of U. S. securities firms. Include details.
Define arbitrage as it applies to the securities markets and discuss how securities firms can facilitate arbitrage activity in the securities industry.
Discuss the meaning of the term insider information. Then discuss why securities firms often have inside information that could affect future stock prices.
Describe the different types of insurance coverage: whole life, term insurance, and universal life.
Whole life insurance can be a form of savings to policyholders; describe how this works.
Define reinsurance and how it is used by property and casualty companies.
Describe the role of the Pension Benefit Guaranty Corporation (PBGC).
Explain the Employee Retirement Income Security Act (ERISA) and how it affects individuals when they change jobs (employers).
Include the following elements in your paper:
Introduction
Narrative of at least 3-pages
Conclusion
Criteria
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