Finance

The purpose of the Miscellaneous-Type Vehicle Endorsement to the PAP i

The purpose of the Miscellaneous-Type Vehicle Endorsement to the PAP is to A) add coverage for newly-acquired autos. B) provide coverage for when the insured is using someone else’s auto with the permission of the owner. C) insure motorcycles, mopeds, motor scooters, and similar vehicles. D) provide coverage for when the insured is using someone […]

Read full post

Date: September 19th, 2020

Sarah purchased a Personal Auto Policy with liability limits of 50/100

Sarah purchased a Personal Auto Policy with liability limits of 50/100/25. Sarah ran a stop sign and hit a van. The van sustained $15,000 in damages. The following bodily injuries were suffered by passengers in the van: Passenger #1, $15,000; Passenger #2, $60,000; and Passenger #3, $10,000. Sarah sustained $5,000 in medical expenses, and Sarah’s […]

Read full post

Date: September 19th, 2020

All of the following losses are excluded under Part D (coverage for da

All of the following losses are excluded under Part D (coverage for damage to your auto) of an unendorsed PAP EXCEPT A) vandals damaged a portable cell phone kept in the car. B) theft of a compact disc player which was permanently installed in the auto. C) damage caused to a car’s engine because the […]

Read full post

Date: September 19th, 2020

Prices of securities that are traded on the organized exchanges are de

Prices of securities that are traded on the organized exchanges are determined by A) a “bid” and “ask” negotiation process amongst brokers who hold these securities in their own account. B) the sellers of the securities. C) a continuous auction process reflecting the sentiments of buyers and sellers. D) the Securities Exchange Commission.     […]

Read full post

Date: September 19th, 2020