After the Personal Auto Policy has been in force for 60 days (or is a renewal policy), all of the following are grounds for the insurer to cancel the policy EXCEPT
A) nonpayment of premiums
B) the insured's license to drive is suspended
C) the insurer discovers material misrepresentation by the insured in the application process
D) the insured received a traffic ticket
Answer: D
You might also like to view...
Violators of antitrust legislation are subject to both civil and criminal penalties.
Answer the following statement true (T) or false (F)
The following information relates to the Tykex Company for 2014: Net income, $50,000 Common stock, shares outstanding on January 1 . 30,000 June 30, 2014, issued 2,000 shares of 8% cumulative convertible preferred stock, $100 par value, each share convertible into 1 . shares of common stock. September 30, 2014, issued a 40% stock dividend. What is diluted earnings per share?
a. $1.00 b. $0.89 c. $0.81 d. $0.76
A merger involves the legal combination of two or more corporations, only one of which continues to exist.
Answer the following statement true (T) or false (F)
Hudson Bank does not have offices in areas where it does not want to make mortgage loans. Most of the areas that do not have Hudson branches are populated by minorities. Hudson Bank: A)?Has violated the Fair Housing Act
B)?Has not violated the Fair Housing Act because it has not denied loans to people in those areas. C)?Is required to have branch offices in those areas under the Fair Housing Act. D)?None of the above