Author Question: An elimination (waiting) period is an example of a(n) A) exclusion. B) deductible. C) ... (Read 57 times)

Tazate

  • Hero Member
  • *****
  • Posts: 532
An elimination (waiting) period is an example of a(n)
 
  A) exclusion.
  B) deductible.
  C) other-insurance provision.
  D) coinsurance provision.

Question 2

James purchased liability insurance with a 100,000 limit from Insurer A. When Insurer A denied a claim that James thought should be covered, he bought a second liability insurance policy with a 150,000 limit from Insurer B.
 
  Before he cancelled the policy with Insurer A, a 60,000 loss occurred. If this loss is settled on a pro rata basis, how much must each insurer pay?
  A) Insurer A will pay 10,000 and Insurer B will pay 50,000.
  B) Insurer A will pay 20,000 and Insurer B will pay 40,000.
  C) Insurer A will pay 24,000 and Insurer B will pay 36,000.
  D) Insurer A will pay 40,000 and Insurer B will pay 20,000.



tofugiraffe

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

Answer: B

Answer to Question 2

Answer: C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

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.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

For a complete list of videos, visit our video library