An electric device delivers a current of [tex]$15.0 A$[/tex] for 30 seconds. How many electrons flow through it?
Answer (2)
A device delivering a current of 15.0 A for 30 seconds results in roughly 2.81 × 1 0 21 electrons flowing through it. This is calculated by first determining the charge in coulombs and then converting that charge into the number of electrons. The formula used is Q = I × t and the charge of an electron is approximately 1.6 × 1 0 − 19 C .
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The problem asks about additional asset requirements for insurance companies under the California Insurance Code.
The options include a fixed amount, a percentage of policyholder surplus, paid-in capital, or no requirements.
Without access to the Insurance Code, an assumption is made that the answer is a fixed amount.
Based on the assumption, the final answer is $\boxed{ 1,000,000} .
Explanation
Understanding the Question The question asks about the additional assets an insurance company must possess, beyond covering liabilities and reinsurance, as required by the California Insurance Code. The options given are a fixed dollar amount, a percentage of policyholder surplus, paid-in capital, or no minimum requirement.
Analyzing the Options Without access to the California Insurance Code, it's impossible to definitively determine the correct answer. However, we can analyze the options:
$1,000,000: This suggests a fixed minimum amount.
Paid-in capital: This refers to the capital initially invested in the company.
Twenty-five percent of policyholder surplus: This links the requirement to the company's financial health.
There are no minimum requirements over liability obligations: This suggests no additional assets are mandated.
Making an Assumption Since I do not have access to the California Insurance Code, I cannot definitively answer the question. However, I will assume that the correct answer is the one that specifies a fixed amount.
Final Answer Based on the assumption, the answer is $\boxed{1,000,000}.
Examples
Insurance companies need to maintain a certain level of assets to ensure they can pay out claims. This problem illustrates the importance of regulatory requirements, such as those set by the California Insurance Code, in ensuring the financial stability of insurance companies and protecting policyholders. Understanding these requirements can help individuals and businesses make informed decisions about their insurance coverage and the financial health of their insurance providers. For example, if a company is required to have $1,000,000 in additional assets, this provides a buffer to ensure they can meet their obligations even in times of financial stress.
