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Exam 14: Insurance and Investment Issues

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Question 21

Multiple Choice

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Of all types of insurance, which is the most costly and the most vital?

A) property
B) health
C) auto
D) liability

E) C) and D)
F) All of the above

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Question 22

Multiple Choice

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The amount policy holders pay towards a loss before insurance coverage begins is called the

A) endorsement.
B) condition.
C) exclusion.
D) deductible.

E) None of the above
F) B) and C)

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Question 23

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There are__________ who are agents that are NOT associated with established companies and who are engaging in illegal practices.

What are the four types of credit insurance and briefly describe each.

What factors affect automobile insurance premiums?

Churning is a legal practice.

Paying a commission for recruiting new distributors in a multilevel marketing plan is something consumers should watch out for. Most states outlaw this practice which is called:

The primary purpose of insurance is protection.

Contracts in which the insurer promises the insured a series of periodic payments are called

Life insurance is paid to beneficiaries rather than the insured.

What three things does the book say a successful investor should do?

Describe at least three ways to reduce auto premiums.