1. Basic principles of insurance include which of the following? The loss must be quanitfiable. The...

1. Basic principles of insurance include which of the following?

		The loss must be quanitfiable.
		The insured is not to profit as a result of insurance coverage.
		both of the above
		There must be a relationship between the insured and the beneficiary.
		all of the above

2. What type of investment plan is designed for self-employed people?

		A) Keogh plan
		B) IRA
		C) 403 (b)
		Both A) and B)

3. In which of the following cases would a direct use of money markets be appropriate?

		A] A firm has surplus cash it will not need for approximately six months.
		B] federal government needs money to build a bridge.
		C] Melissa, an investor, has $5,000 in extra she want need for 6 years.
		Both A] and C]

Expert Solution

jeff jeffy answered 1 year ago

there are seven basic principles all insurance companies are subject to and include

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