COMPLETION

17.

The person who receives the proceeds of an insurance policy is the ____________________.

18.

A(

n) ____________________ life insurance policy is one that continues, assuming the premium is paid, until the insured is 100 years or death, whichever occurs first.

19.

The consideration paid for insurance coverage is the ____________________.

20.

The maximum amount an insurer agrees to pay in case of a loss is the ____________________.

21.

The right of the underwriter to assume the rights of the policyholder is called ____________________.

17.

A business which is a paid surety is called

a(

n) ____________________.

18.

Items purchased for personal, family, or household purposes are called ____________________.

19.

The seller has

a(

n) ____________________ when the seller's right to collateral are superior to those of third persons.

17.

The largest, most complete estate in property that a person can have is

a(

n) ____________________.

18.

The interest of a grantor in a life estate that returns to the grantor on the death of the life tenant is called

a(

n) ____________________.

19.

When two or more persons own property such that when one dies that owner's interest passes to that owner's heirs is called ____________________.

13.

The distribution of property equally to a decedent's children is distributed ____________________.

14.

The property left by a deceased is called

a(

n) ____________________.

15.

The person entitled to the income or enjoyment of trust property is the ____________________.

16.

The act of a testator informing the witnesses to the will that the instrument being signed is the testator's will is called ____________________.