Finance

All of the following statements about liability coverage under the bus

All of the following statements about liability coverage under the businessowners policy are true EXCEPT A) Liability arising out of personal and advertising injury is covered as part of the insuring agreement. B) Medical payments coverage is provided. C) Employees acting within the scope of their employment are excluded from coverage. D) Coverage is included […]

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Date: September 19th, 2020

Which of the following statements about physicians, surgeons, and dent

Which of the following statements about physicians, surgeons, and dentists liability insurance is true? A) Liability coverage is restricted to accidental acts. B) The policy eliminates the need for medical practitioners to purchase general liability insurance. C) The insurer must obtain the consent of medical practitioners before the insurer can settle claims. D) The policy […]

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Date: September 19th, 2020

Which of the following statements about errors and omissions insurance

Which of the following statements about errors and omissions insurance is (are) true? I. It is purchased by professionals to protect against claims arising for negligent acts, errors, and omissions. II. It is designed to meet the needs of stock brokers, attorneys, engineers, architects and other professionals who give advice to clients. A) I only […]

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Date: September 19th, 2020

Which of the following statements is MOST correct concerning diversifi

Which of the following statements is MOST correct concerning diversification and risk? A) Proper diversification generally results in the elimination of risk. B) Risk-averse investors often choose companies from different industries for their portfolios because the correlation of returns is less than if all the companies came from the same industry. C) Risk-averse investors often […]

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Date: September 19th, 2020