1)Assume that you have limits of 15/25/15 ($15,000/$25,000/$15,000), the minimum required in the state where your car is garaged. If you are driving in a state that requires 25/50/20 ($25,000/$50,000/$20,000) and are involved in an accident, your insurer will interpret your policy as if it had the higher limits. Thus, even though you have to meet only the requirements where you live, your policy will provide the limits you need in any state or province in which you may be driving. Identify the provision in your automobile insurance policy that makes this possible.

Indemnification

Stacking

Out-of-state

Redlining

Gentrification

2)

Which of the following types of annuities guarantees that the annuitant and/or beneficiary will receive, during the liquidation period, minimum payments equal to the single premium in an immediate annuity or the accumulation value in a deferred annuity?

Temporary annuity

Refund annuity

Joint annuity

Deferred annuity

Structured settlement annuity

3)

Which of the following reasons can be attributed to the long-term financing gap faced by the Social Security and Medicare programs?

Increasing birth rates and health care costs

Pay-as-you-go system and declining birth rates

Traditional system and increased longevity

Increased birth rates and declining longevity

Increased morbidity and birth rates

4)

If medical doctors fail to use reasonable care and diligence, and they fail to use their best judgment in exercising their skill and applying their knowledge, they are guilty of:

malpractice.

defamation.

vilification.

class-action.

nonownership

5)Liability stemming from activities of the firm in installing equipment or doing other jobs for hire off its own premises is called:

professional liability.

premises liability.

completed operations liability.

contingent liability.

nonownership liability.