Which of the following is NOT true about insurance?
a. Agents are licensed by the national Insurance Licensing Agency.
b. Agents represent insurance companies and sell policies.
c. Brokers represent the buyers of insurance and evaluate policies to find the best for a client.
d. Agents must pass exams regularly.
e. The CPCU is credentialed to sell property and casualty insurance.
a. Agents are licensed by the national Insurance Licensing Agency.
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Summarization, generalizing, comparing and relating are the four functions of data analysis
Indicate whether the statement is true or false
Moral ______ describes the tendency of people to want to appear moral when acting immorally.
A. muteness B. hypocrisy C. determination D. dumbfounding
The measure of the average change in prices over time in a fixed "market basket" of goods and services is known as
A. cost-of-living allowance. B. cost-of-living adjustment. C. the consumer price index. D. the inflation index.
Cherise contacted her insurance agent and said she was interested in purchasing several life insurance policies: (a) a policy on her own life for $100,000, naming her son and daughter as beneficiaries; (b) a policy on her neighbor's life for $100,000, since she had observed him engaging in reckless behavior, naming herself as beneficiary; (c) a $5,000 policy on another neighbor to cover a loan Cherise made to him, naming herself as beneficiary; and (d) a $250,000 policy on her business partner, naming herself as beneficiary. Discuss the legality of each of these potential contracts.
What will be an ideal response?