Which of the following describes a Stranger-Originated Life Insurance (STOLI) arrangement? a. An employer purchases a life policy on a key employee.
b. A person with no insurable interest in the insured purchases a life policy.
c. A trust is used to hind a life insurance policy.
d. A family member purchases a life policy on someone other than a spouse

Trade will take place: a. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good. b. if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good. c. only if the maximum that a consumer is willing and able to pay is equal to the minimum price the producer is willing and able to accept for a good. d. none of the above.