b. Danielle, age 16, recently obtained her driver's license. Her parents want to make certain they...

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b. Danielle, age 16, recently obtained her driver's license. Her parents want to make certain they are protected if Danielle negligently injures another motorist while driving a family car. (10 points) Rubric: in this question, 5 points will be given for identifying what type of insurance is suitable, and 5 points will be given for explanation of why this type of insurance is appropriate. C. Jacob, age 30, is married with two dependents. He wants his income to continue if he becomes totally disabled and unable to work. (10 points) Rubric: in this question, 5 points will be given for identifying what type of insurance is suitable, and 5 points will be given for explanation of why this type of insurance is appropriate. d. Tyler, age 35, recently purchased a house for $200,000 that is located in an area where tornadoes frequently occur. He wants to make certain that funds are available if the house is damaged or destroyed by a tornado. (10 points) Rubric: in this question, 5 points will be given for identifying what type of insurance is suitable, and 5 points will be given for explanation of why this type of insurance is appropriate. e. Nathan, age 40, owns an upscale furniture store. Nathan wants to be protected if a customer is injured while shopping in the store and sues him for the bodily injury. (10 points) Rubric: in this question, 5 points will be given for identifying what type of insurance is suitable, and 5 points will be given for explanation of why this type of insurance is appropriate. 4. Buildings in flood zones are difficult to insure by private insurers because the ideal requirements of an insurable risk are difficult to meet. (50 points) a. Identify the ideal requirements of an insurable risk. (25 points) b. Which of the requirements of an insurable risk are not met by the flood peril? (25 points) Rubric: in this question, 25 points will be given for identifying the ideal requirements of an insurable risk, and 10 points will be given for identifying the not met requirement, and 15 points will be given for explanation of why. b. Danielle, age 16, recently obtained her driver's license. Her parents want to make certain they are protected if Danielle negligently injures another motorist while driving a family car. (10 points) Rubric: in this question, 5 points will be given for identifying what type of insurance is suitable, and 5 points will be given for explanation of why this type of insurance is appropriate. C. Jacob, age 30, is married with two dependents. He wants his income to continue if he becomes totally disabled and unable to work. (10 points) Rubric: in this question, 5 points will be given for identifying what type of insurance is suitable, and 5 points will be given for explanation of why this type of insurance is appropriate. d. Tyler, age 35, recently purchased a house for $200,000 that is located in an area where tornadoes frequently occur. He wants to make certain that funds are available if the house is damaged or destroyed by a tornado. (10 points) Rubric: in this question, 5 points will be given for identifying what type of insurance is suitable, and 5 points will be given for explanation of why this type of insurance is appropriate. e. Nathan, age 40, owns an upscale furniture store. Nathan wants to be protected if a customer is injured while shopping in the store and sues him for the bodily injury. (10 points) Rubric: in this question, 5 points will be given for identifying what type of insurance is suitable, and 5 points will be given for explanation of why this type of insurance is appropriate. 4. Buildings in flood zones are difficult to insure by private insurers because the ideal requirements of an insurable risk are difficult to meet. (50 points) a. Identify the ideal requirements of an insurable risk. (25 points) b. Which of the requirements of an insurable risk are not met by the flood peril? (25 points) Rubric: in this question, 25 points will be given for identifying the ideal requirements of an insurable risk, and 10 points will be given for identifying the not met requirement, and 15 points will be given for explanation of why.