Fin215 Week7 Quiz test complete solved questions and answers

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Fin215 Week7 Quiz test complete solved questions and answers • Question 1 2 out of 2 points The right of ____ gives the insurer the right to recover its costs from the at-fault party after ... the company has paid a claim to its insured. • Question 2 2 out of 2 points Liability coverage provides payment to the • Question 3 2 out of 2 points Your auto liability insurance shows policy limits of $100,000/$300,000. This means • Question 4 2 out of 2 points Comprehensive automobile coverage refers to • Question 5 0 out of 2 points Section I of a homeowner’s insurance policy covers all of the following except • Question 6 2 out of 2 points If you have two insurance policies on the same property, the ____ clause explains how the two insurance companies will share the loss. • Question 7 2 out of 2 points The principle of indemnity would prevent: • Question 8 2 out of 2 points A(n) ____ agent represents multiple insurance companies. • Question 9 2 out of 2 points What factor affects insurance premiums the most? • Question 10 2 out of 2 points In order to collect under uninsured motorists coverage, three specific conditions must be in effect. They are: [Show More]

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