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1.Which of the following measures should you not do immediately after having had an major automobile

accident with another car(s) and driver(s)?

a.contact your insurance company

b.exchange names, addresses, and phone numbers with the other driver(s)

c.call the police

d.immediately leave the scene of the accident

e.take pictures of the accident scene, if you can


2.As a deterrent to keep individuals from excessively submitting claims to the insurance policy and for policyholders to follow responsible behavior, particular in the case of auto insurance, insurance companies commonly use

a.100% coverage.

b.inflation protection.

c.risk-based premiums.

d.no-fault insurance.

e.changing phone numbers.


3.In general, insurance is designed to protect households against

a.emotional loss

b.irreplaceable loss.

c.economic loss.

d.investment loss.

e.favorite sports team loss.


4.In general, women and people starting a given life insurance policy at a younger age tend to have

a.higher premiums.

b.lower premiums.

c.premiums that are not different from the rest of the population.

d.more coverage.

e.less coverage.


5.Which type of life insurance serves to build equity or wealth in households?

a.renewable term life insurance

b.level premium term life insurance

c.whole life insurance

d.managed care life insurance

e.all of the above

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