TEST Question.docx

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Question 1 Incorrect points out of 1.00 Flag question Question text Joe collides with a large tree. Joe leaves the scene to call a tow truck. When he returns he discovers that someone stole his cell phone worth $400. Damage to his car is $2500. Joe carries a $250 comp deductible and $500 collision deductible. How much will his auto policy pay? Select one: a. $2000 of the damages; nothing for the phone b. All of the $2500 in damages plus the value of the phone c. $2250 plus $400 for the phone d. Nothing; Joe should have never left the scene of an accident Feedback Sorry, you got this question wrong. The correct answer is: $2000 of the damages; nothing for the phone Question 2 Correct points out of 1.00 Flag question Question text Mary has a flood policy. How much property must be flooded before her flood policy would respond? Select one: a. 51% of the property b. A five-mile radius c. At least two acres of normally dry land d. 80% of the property Feedback Congratulations, you got it right! The correct answer is: At least two acres of normally dry land Question 3 Correct
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points out of 1.00 Flag question Question text Which of the following is not a section of the Graham Leach Bliley Act? Select one: a. The Pretexting Provisions b. The Financial Privacy Rule c. The Safeguard Rule d. The Non-Public Information Feedback Congratulations, you got it right! The correct answer is: The Non-Public Information Question 4 Correct points out of 1.00 Flag question Question text A voluntary or intentional relinquishment of a known right is a: Select one: a. Waiver b. None of the above c. Estoppel d. Subrogation Feedback Congratulations, you got it right! The correct answer is: Waiver Question 5 Incorrect points out of 1.00
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Flag question Question text In a stock company, what do the stockholders receive in return for their investments? Select one: a. The stockholders elect officers b. Senior stockholders receive the profits from the company c. The stockholders share in any profits or loss d. The stockholders may either distribute earnings as dividends on stocks or keep them as income Feedback Sorry, you got this question wrong. The correct answer is: The stockholders share in any profits or loss Question 6 Incorrect points out of 1.00 Flag question Question text The initial phase of a community’s participation in the National Flood Insurance Program (NFIP) during which property owners are allowed to purchase limited amounts of insurance at subsidized rates is: Select one: a. The emergency program b. The “Write-Your-Own” flood insurance program c. The beachfront or windstorm plan d. The regular program Feedback Sorry, you got this question wrong. The correct answer is: The emergency program Question 7 Correct points out of 1.00
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Flag question Question text An applicant gives false information to the insurance agent during the interview process. This is known as: Select one: a. Indemnity b. Concealment c. Cohesion d. Misrepresentation Feedback Congratulations, you got it right!
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