Author Question: Rob purchased a Personal Auto Policy (PAP) with collision and other-than-collision coverage. Which ... (Read 134 times)

lbcchick · **on:** Jul 11, 2018

Rob purchased a Personal Auto Policy (PAP) with collision and other-than-collision coverage. Which of the following losses would be covered under his policy?

A) Rob wrecked his car while using it as a taxi cab.
B) Thieves took Rob's radar detector from his car.
C) A flash flood washed Rob's car off the road and damaged it.
D) The new tires Rob had on the car were defective and wore out after 2 months.

Question 2

Investors generally don't like risk. Therefore, a typical investor

A) will only accept a zero return if the risk is zero.
B) will not be induced to take on any risk.
C) will only take on additional risk if he expects to be compensated in the form of additional
return.
D) will only take on the least risk possible.

BAOCHAU2803 · **Reply #1 on:** Jul 11, 2018

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