Author Question: All of the following are ISO personal umbrella liability policy exclusions EXCEPT A) liability ... (Read 41 times)

gbarreiro · **on:** Jul 11, 2018

All of the following are ISO personal umbrella liability policy exclusions EXCEPT

A) liability arising out of uncompensated board service for a nonprofit organization.
B) liability arising out of expected or intentional injury.
C) liability arising out of business operations.
D) liability arising out of operation of watercraft not covered by an underlying policy.

Question 2

Assume you are to receive a 10-year annuity with annual payments of 1000. The first payment
will be received at the end of Year 1, and the last payment will be received at the end of Year 10.

You will invest each payment in an account that pays 9 percent compounded annually. Although
the annuity payments stop at the end of year 10, you will not withdraw any money from the
account until 25 years from today, and the account will continue to earn 9 for the entire 25-year
period. What will be the value in your account at the end of Year 25 (rounded to the nearest
dollar)?
A) 48,359 B) 55,340 C) 35,967 D) 48,000

lkanara2 · **Reply #1 on:** Jul 11, 2018

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