This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements about automobile insurers that specialize in insuring high-risk ... (Read 140 times)

lak

  • Hero Member
  • *****
  • Posts: 546
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

anoriega3

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: C


lak

  • Hero Member
  • *****
  • Posts: 546
Reply #2 on: Jul 11, 2018
Thank you :)


anoriega3

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Jul 11, 2018
Happy to help you


« previous next »
 

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Risk-taking behavior by young males. Risk-taking behavior by young males.
Ratings of Perceived Contradictions in Political Statements Ratings of Perceived Contradictions in Political Statements
Overview of a computer-controlled high-pressure common rail V-8 diesel engine. Overview of a computer-controlled high-pressure common rail V-8 diesel engine.
The diminishing effects on body weight of a low-calorie diet and a high-calorie diet. The diminishing effects on body weight of a low-calorie diet and a high-calorie diet.
Risk of Stroke and Heart Disease Increase with Increasing Blood Pressure Risk of Stroke and Heart Disease Increase with Increasing Blood Pressure
An antique automobile bumper is to be chrome plated. The bumper, which is dipped into an acidic ... An antique automobile bumper is to be chrome plated. The bumper, which is dipped into an acidic ...
Video: Acids and bases - definition

For a complete list of videos, visit our video library