The broadened coverage does not apply to Brown Company's policy.
The broadened coverage automatically applies to Brown Company's policy.
The broadened coverage will apply to Brown Company's policy with an endorsement.
The broadened coverage will apply to Brown Company's new policies as they are issued.
Consistent interpretation of insurance policies
Creative interpretation of insurance policies.
Conservative interpretation of insurance policies.
Coordinated interpretation of insurance policies.
Class rates apply to all insureds in the same rating category.
Merit rating plans are also called manual rating plans.
Class rates are not based on loss statistics.
Class rates reflect loss characteristics of a particular insured.
Because treaty reinsurance in unavailable for the exposures indicated
To address the moral hazards the underwriter identified during investigation
To better match the rate to the characteristics of the risk
Because the applicant is not acceptable for coverage
All policies sold by an insurance company or agency
All policies in a particular territory
All policies providing a particular type of insurance
All the above
Reduce claim expenses and loss adjustment expenses.
Replace underwriting decision-making and enhance accuracy.
Emulate the underwriting decision-making process as it would be performed by expert underwriters.
Modernize insurance company information systems.
Men Pay more for Insurance than Women due to their aggessiveness behind wheels
Women Pay more for Insurance than men due to their soft behind wheels
Premium cannot be different for men and women
None of the above
24 Hours emergency towing services
24 Hours lost key and lockout services
24 Hours battery services
24 Car higene services
It is mandatory to buy homeowner's Insurance
It is not mandatory to buy homeowner's Insurance
State automatically provides homeowner's Insurance
The bank which loaned should buy homeowners's Insurance
Insurance company defends the Insured until final judgement is given
Insurance company defends the Insured until the limits of the coverage is expended for the defence
Insurance company does washes of hands as it is not their responsibility to go to court
None of the above
Bad faith claim against the Insurance company
Unfair descrimination by Insurance company
Long term profit for the Insurance company
Cancellation of Liscence doing business by the Insurance company
Preservation of rights
Reservation of rights
Denial of rights
None of the above
Yes, becuase Insurance is not consumable product
No, because Insurance customers are consumers
The red color cars are alway percieved to recieved more traffic tickets
The high performance engine makes your car engine more prone to theft
The Insurance company battling a case against your car brand company
The Insurance company had some secret dealings with the rival company
Losses those are accidental.
Losses those are definite and measurable
A large number of similar exposure units.
All of the above.
Large number of similar exposure units
Not economically feasible to insure
Insurance is required to get a drivers license.
Insurance satisfies lenders that their loans will be repaid.
Insurers lend money to fund new construction and other projects.
People who are indemnified by insurance don’t have to borrow money to replace damaged property.
Insurance works as a system of transferring and sharing the costs of losses
The law of large numbers assists the insurance mechanism by improving the relative accuracy of prediction.
Property loss exposures include negligence, real property, and personal property.
A liability loss exposure presents the possibility of a claim alleging legal responsibility.
Regulate insurance rates to protect consumers from inadequate, excessive, or unfairly discriminatory rates.
Are located in most but not all states
Provide a source of investment funds.
Answer to the federal government insurance department.
In which one insurer transfers some or all of its loss exposures to another insurer.
That is formed as a subsidiary of its parent company for the purpose of writing insurance on the parent company.
That ideally insures large numbers of similar exposure units.
That insures through an attorney-in-fact.
Created by the federal government for the purpose of providing insurance for the social good.
The primary funding for the Fair Access to Insurance Requirements program.
A state fund that provides a system to pay the claims of insolvent insurers.
Managed by the National Association of Insurance Commissioners.