Author: Anonymous

Ken purchased a PAP with liability limits of 100/300/50, medical payments coverage, and collision coverage. Ken fell asleep while driving late at night. He crossed the center line and hit a car approaching from the other direction. The following losses occurred.The driver of the other car suffered $30,000 in bodily injuries.Ken’s car sustained $5,000 in damages.Ken incurred $5,000 in medical expenses.The car that Ken hit was a total loss.Which of Ken’s Personal Auto Policy (PAP) coverages will cover the damage to the car that Ken hit?

Sarah purchased a Personal Auto Policy with liability limits of 50/100/25. Sarah ran a stop sign and hit a van. The van sustained $15,000 in damages. The following bodily injuries were suffered by passengers in the van: Passenger #1, $15,000; Passenger #2, $60,000; and Passenger #3, $10,000. Sarah sustained $5,000 in medical expenses, and Sarah’s car sustained $10,000 in damages. How much will Sarah’s insurer pay under Part A: Liability Coverage?

Which of the following is a cost/expense that an estate clearance fund is designed to pay?

If the value of a vehicle is increased after repairs, such as repainting an entire auto when only one fender or door is damaged, the insurer will not pay for the increase in value. Another name for the increase in value is

Which statement is true regarding the advanced premium tax credits for individuals and families under the Affordable Care Act?

All of the following statements describe the flexibility available to the owner of a universal life insurance policy EXCEPT

Which of the following is a covered person under the medical payments coverage of the PAP?

Some managed care plans use physicians, hospitals, and health care organizations that agree to make medical services available to insureds at discounted fees. Insureds are not required to use these entities, but if they do, health care costs are less than if these entities are not used. Such health care entities are called

Individual medical expense insurance sold in the Health Insurance Marketplace is characterized by which of the following?

Which of the following statements about premature death is (are) true? I.From an economic standpoint, premature means death before a specified age, such as 65. II.The economic problem of problem of premature death in the United States has declined substantially over time.