Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following statements is/are true regarding the Personal Auto Policy 1. Federal and state lnws prohibit the use of using insureds' credit scores

image text in transcribed
Which of the following statements is/are true regarding the Personal Auto Policy 1. Federal and state lnws prohibit the use of using insureds' credit scores when quoting or renewing an auto policy 2. Insurance companies can use marital status and gender to determine rates . A split limit liability wmount of $20k/40k/$1 Sk menn that covernge for medical payments per individual are maxed out at $20,000 and ALL 4 Aulo insurance companies are allowed to use an individual's credit score when calculating a quote and to do so identify the risk of the potential policyholder (Poits :0.5) O A. 1, 2, ad O B. 2,3, and 4 O C.2 and 4 Oaly O D. 3 and 4 Ouly O E. All of the above statements are true regarding a personal auto policy

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance

Authors: H L Bhatia

30th Edition

9390080258, 978-9390080250

More Books

Students also viewed these Finance questions