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Author Question: Which of the following statements about automobile insurers that specialize in insuring high-risk ... (Read 82 times)

lak

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on: Jul 11, 2018
Which of the following statements about automobile insurers that specialize in insuring high-risk motorists with poor driving records is (are) true?
 
  I. The actual premium paid by an applicant is set by the federal government and is independent of an applicant's driving record.
  II. The coverages available may be more limited than those written by insurers in the standard market.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

Which of the following statements about reinsurance facilities for insuring high-risk drivers is (are) true?
 
  I. Underwriting losses in the reinsurance facility are shared by all auto insurers in the state.
  II. An insurer must accept all applicants for insurance, but the insurer has the option of placing high-risk drivers in the reinsurance pool.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


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anoriega3

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: C


lak

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Reply #2 on: Jul 11, 2018
Thank you :)


anoriega3

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Reply #3 on: Jul 11, 2018
Happy to help you


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