Risk Management 1/ Which of following is an argument offer cited by those who favor no...

Risk Management

1/ Which of following is an argument offer cited by those who favor no fault insurance :

A: no fault laws decree the percentage of the premium dollar that pays for investigation and legal cost .

B: no fault laws have resulted in significant increases in auto insurance cost .

C: No fault benefits always compensate accidents victims for the economic value pain and suffering.

2/ When a high risk driver applies for auto insurance, the application is sent to a central clearinghouse, to assigned to an auto insurance company. The residual mark is referred to as :

A/ a specialty insurance company

B/ An assigned risk plan

C/ A captive insurance program

3/ when an insurance company desires informations from the insurance when there is a suspension auto theft claim :

A/ insistence that you file a policy report

B/ they may require an examination under oath .

C/ A and B

Solutions

Expert Solution

1. Option (c) No fault benefits always compensate accidents victims for the economic value pain and suffering.

2. option (b) An assigned risk plan

3. option (a) insistence that you file a policy report

jeff jeffy answered 2 years ago

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