Some insurance companies intentionally seek to insure motorists with poor driving records. These insurers commonly insure drivers who have been turned-down or canceled by other insurers
What name is given to insurers who provide coverage to these higher-than-average risks drivers?
A) alien insurers
B) guaranty fund insurers
C) specialty insurers
D) surplus lines insurers
Answer: C
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Which of the following is a step to creating and delivering the customer value model?
A) creating the customer's value needs B) creating the value proposition C) quantifying the value proposition D) questioning the value proposition E) presenting the value proposition
Indicate the correct form of the verb in parentheses. Halley's comet (future tense of return) in 2061
Anita owes Brad $75,000 . Brad signs a written statement granting Carl a gratuitous assignment of his rights from Anita. If Brad delivers the signed statement to Carl before he dies:
a. the delivery of the statement makes the assignment irrevocable. b. the assignment is terminated upon Brad's death. c. the signing of the statement makes the assignment irrevocable. d. the assignment is invalid, because it is revocable.
Which of the following losses would be covered under Section II of an unendorsed Homeowners 3 policy?
A) The homeowner accidentally dropped a bowling ball, injuring another bowler's foot. B) The homeowner's nanny was injured on her day off while hiking at a state park. C) The insured slandered a city council member at a city council meeting. D) The homeowner's dog bit the homeowner's daughter.