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29.
(p. 1141)
If an insurance policy covers an individual's life or health, the insurance is ______
insurance.
30.
(p. 1141)
If insurance covers some type of business risk, the insurance is called ______ insurance.
31.
(p. 1141)
If the purpose of an insurance policy is to protect property from loss or damage, the
insurance is ______ insurance.
32.
(p. 1141)
If a policy of insurance protects a person or property from accidental injury, the insurance
is referred to as ______ insurance.
33.
(p. 1141)
A workers' compensation insurance policy is an example of which of the following types
of insurance?
34.
(p. 1141)
A policy of fidelity insurance is an example of which of the following types of insurance?
35.
(p. 1141)
A policy of title insurance is an example of which of the following types of insurance?
36.
(p. 1141)
An individual would purchase ______ insurance to protect his or her business from tort
liability to third parties.
37.
(p. 1141)
Which of the following types of insurance should a business manager purchase to obtain
protection against a broad range of risks?
38.
(p. 1132)
Penny, a bit of a hypochondriac, decides that she should have MRIs covering her whole
body and insists that her doctor order them. Penny tells her doctor that she is not concerned
about cost because she has great insurance. Which of the following is the appropriate and
recognized term for the problem associated with her behavior as far as an insurer is concerned?
39.
(p. 1139)
Which of the following is
false
in regard to an insurer's right to cancel a policy of
insurance?
40.
(p. 1142)
Which of the following types of insurance protects contractors against liability for injuries
that might occur while completing a job, excluding injuries to employees?
41.
(p. 1142)
Which of the following types of insurance protects a garage owner from liability to
persons who are injured by the operation of the garage?
42.
(p. 1142)
Which of the following types of insurance protects the producer or manufacturer of a
good from loss incurred by people who are injured using the good?
43.
(p. 1142)
Which of the following types of insurance protects members of specific professions from
liability associated with their professional acts?
44.
(p. 1142)
Which of the following types of insurance provides a specific sum of money on the death
of the insured?
45.
(p. 1132)
Which of the following is true regarding the reduction of the impact of moral hazard by
insurers?
46.
(p. 1139)
Property of Mary is damaged in a fire. She claims the property damage amounted to
$10,000, and the insurer claims it only amounted to $5,000. Which of the following is true in this
situation?
47.
(p. 1142)
Which of the following is
false
regarding marine insurance in Scotland?
