Final answer:
The president of the State Compensation Insurance Fund may do everything except sell life insurance covering compensation benefits.
Step-by-step explanation:
The subject of this question is Business as it pertains to the State Compensation Insurance Fund and the president's role in conducting its business and affairs.
Out of the given options, the president of the fund may not sell life insurance covering compensation benefits. The president of the fund can: 1. enter into contracts of workers' compensation insurance, 2. sell annuities covering compensation benefits, and 4. reinsurance any risk or any part thereof.
This restriction on selling life insurance is likely due to the fact that the president's role is specifically focused on workers' compensation insurance rather than general life insurance.
The president of the State Compensation Insurance Fund cannot sell life insurance covering compensation benefits, but they can enter into workers' compensation contracts, sell annuities, and reinsure risks.
In conducting the business and affairs of the State Compensation Insurance Fund, the president of the fund has several authorities. However, one specific activity they cannot do is sell life insurance covering compensation benefits. While they can enter into contracts of workers' compensation insurance, sell annuities covering compensation benefits, and reinsure any risk or part thereof, life insurance sales are outside the scope of their duties. This differentiation is important since workman's compensation insurance is a distinct type of insurance that provides benefits to workers who suffer an injury on the job, which is different from life insurance policies.