Blog

Owen’s car is insured under a Personal Auto Policy (PAP). A hail storm occurred one evening, and his car was severely damaged. Which PAP coverage, if Owen purchased it, would cover this damage to his auto?

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.

John occasionally borrows the car of his friend, Sophie. Sophie has a PAP with liability limits of 100/300/50. John also has a PAP, and his liability limits 250/500/50. John had an accident while using Sophie’s car and was found to be legally liable for $300,000 in bodily injury liability for injuries suffered by one person. How much will be paid by each policy?

What is the purpose of the extended nonowned liability coverage endorsement to the PAP?

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

The net amount at risk for an ordinary life insurance policy is the difference between the

In addition to providing coverage in the United States, its territories and possessions, and Puerto Rico, where else does the PAP provide coverage?

What is the purpose of the extended nonowned liability coverage endorsement to the PAP?

The insurance company’s options for settling a collision loss to a covered auto under the PAP include which of the following?I.Pay the loss in money.II.Repair or replace the damaged auto.

Which of the following statements about endowment insurance policies is (are) true?I. The face amount is paid if the insured dies during the policy period or at the end of the policy period if the insured is still alive. II. The use of endowment insurance has increased in recent years because of its favorable tax treatment.