Author Question: Which of the following statements about Coverage E: Personal Liability under the homeowners 3 policy ... (Read 98 times)

scienceeasy · **on:** Jul 11, 2018

Which of the following statements about Coverage E: Personal Liability under the homeowners 3 policy is true?

A) Losses attributable to personal injury are covered.
B) The liability limit stated in the policy is an aggregate limit for the policy period.
C) The insured must be legally liable for insurer to pay damages.
D) Bodily injury liability only applies to injuries that occur at the insured dwelling.

Question 2

Which of the following is NOT a common characteristic of issuing long-term debt?

A) Issuing long-term debt decreases uncertainty compared to a short-term fixed-rate issue.
B) Issuing long-term debt provides more frequent financing opportunities.
C) Long-term interest rates are typically HIGHER than short-term rates.
D) Long-term debt may be preferred because short-term debt financing could be problematic in the event of an economy-wide liquidity crisis.