Author: Anonymous

Which of the following statements about the payment of defense costs by the PAP is (are) true?I.They are paid in addition to the policy limits.II.They are payable even after the limit of liability is exhausted.

Tony has an unendorsed Personal Auto Policy which provides medical payments coverage. Under which of the following circumstances would the injured person be eligible for benefits under Tony’s policy?I.A friend in the car is injured while Tony is driving a covered auto.II.A passenger on a motorcycle driven by Tony is injured when Tony hit another vehicle.

Which of the following statements about individual disability income policies that use a two-part definition of total disability is (are) true?I.During the initial period of disability, the insured must be unable to perform the duties of any gainful occupation.II.After the initial period of disability, the insured must be unable to perform the duties of any occupation for which he or she is reasonably fitted by education, training, and experience.

Which of the following statements regarding convertible term insurance is true?

Kevin has an individual disability income policy that his insurer agrees to keep in force until age 60. However, the company has the right to increase the premium each year for the underwriting class in which Kevin has been placed. Which renewal provision is found in Kevin’s policy?

Which of the following statements about second-to-die life insurance is (are) true?I.The insurance is a form of endowment coverage. II. The premium is lower than the combined cost of purchasing a life insurance policy on each insured.

When using the needs approach, several “special needs” should be considered. One special need is money to cover unexpected events, such as major car repairs, dental bills, or home repairs. Money set aside for this purpose is called a(n)

Gary purchased a Personal Auto Policy (PAP) that included collision coverage. Gary lost control of his vehicle on an icy road. He slid across the center line into oncoming traffic. Another vehicle hit his car, causing severe damage to it. Ignoring any deductible, what is the insurer’s liability for damage to Gary’s car?

The Boston merchant who became the leader of the Sons of Liberty was:

George Whitefield’s introduction of an evangelical style of religion into the colonies in the 1730s and 1740s is known as the