Auto insurance usually contains a deductible, while homeowners insurance rarely contains one. Indicate whether the statement is true or false ANSWER FALSE
Other-than-collision auto coverage pays only for damages due to theft. Indicate whether the statement is true or false ANSWER FALSE
Individual practice arrangements are usually more costly than group staff HMOs. Indicate whether the statement is true or false ANSWER TRUE
A security’s beta is a measurement of its random risk. Indicate whether the statement is true or false ANSWER FALSE
A codicil is a will that covers each partner to the marriage, and which takes effect at the death of the first. Indicate whether the statement is true or false ANSWER FALSE
The family auto policy follows a standard format used by most insurers. Indicate whether the statement is true or false ANSWER TRUE
A stock with a 1.5 beta would have 50% more risk than the overall market. Indicate whether the statement is true or false ANSWER TRUE
An old will may be revoked by simply stating so in a new will. Indicate whether the statement is true or false ANSWER TRUE
A valid will may be automatically revoked by a change in family status. Indicate whether the statement is true or false ANSWER TRUE
A stock’s beta is positively related the market risk premium. Indicate whether the statement is true or false ANSWER FALSE