Author Question: Based on the information in Table 4-3, the average collection period is A) 27.36 days. B) 17.49 ... (Read 199 times)

jwb375 · **on:** Jul 11, 2018

Based on the information in Table 4-3, the average collection period is

A) 27.36 days. B) 17.49 days. C) 20.53 days. D) 38.01 days.

Question 2

Which of the following statements about the liability coverage of the Business Auto Coverage Form is (are) true?

I. The insurer agrees to defend the insured and pay all legal defense costs arising out of an accident involving a covered auto.
II. The insured is covered for property damage and bodily injury arising out of the use of a covered auto.
A) I only
B) II only
C) both I and II
D) neither I nor II