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48.
(p. 1142)
Which of the following types of life insurance provides protection for the entire life of the
insured and has a cash-surrender value?
49.
(p. 1142)
Which of the following types of life insurance provides coverage for a specified term?
50.
(p. 1138)
Which of the following is
false
regarding insurance and the international sale of goods?
51.
(p. 1133)
Which of the following is a term referencing the concept that a sufficient interest must
exist on the part of an insured in order to take out a policy of insurance?
52.
(p. 1133)
Which of the following is true regarding the contention of ABC Insurance that it is not
required to pay to Image Company the amount for which Bruno's life was insured?
53.
(p. 1141)
Which of the following is true regarding whether ABC Insurance will be required to
provide coverage on the jeep?
54.
(p. 1139)
Which of the following is true regarding Mark's statement that Sally would never see a
jury?
55.
(p. 1139)
Which of the following is most likely true regarding Sally's reliance on an incontestability
clause if typical state laws are in effect?
56.
(p. 1135)
Which of the following, if any, will ABC Insurance most likely be required to prove in order
to deny coverage based on the discrepancy between the application and Bobby's driving?
57.
(p. 1140)
Which of the following is true regarding Alice's complaint that Prudence failed to help?
58.
(p. 1141)
On which of the following legal theories would the insurer likely attempt to deny
coverage?
59.
(p. 1140)
Which of the following is true regarding the assertion of Alice that the insurer was not
liable for accidents that were the fault of the insured?
60.
(p. 1140)
Which of the following is true regarding the assertion of Alice that vehicle insurance
policies do not generally provide coverage for legal representation?
61.
(p. 1139)
What is meant by an antilapse clause, and how do these usually work? Do you believe
that all states and all types of policies should have antilapse clauses, and why or why not?
62.
(p. 1139)
What is the effect of an appraisal clause in a policy of insurance, and how do these
usually work?
63.
(p. 1140)
Sally is involved in a motor vehicle accident. She is sued by George, the driver of the
other vehicle. Sally calls her insurer and tells them to handle it for her. Later, she is asked to give
some information to the insurer regarding the incident and to give a deposition in litigation. She
tells the insurer that she is too busy and that the insurer should simply handle the matter
because that is the reason she has insurance; and that, furthermore, the insurer should not call
her again regarding the accident. Is Sally correct about her duties and why or why not?
64.
(p. 1142)
What is an incontestability clause in a policy of insurance, and what is its effect? Discuss
65.
(p. 1143)
What is usually the effect if a person who is in good health lies about their age on an
application for life insurance and the misrepresentation is discovered at the time of the person's
death?
