A) Tort
B) Property
C) Litigation
D) Group
E) Liability
G) B) and D)
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A) Alice is correct because insurance on vehicles is meant to assist drivers who are involved in accidents through no fault of their own.
B) Alice is correct only if Prudence has had at least two previous accidents.
C) Alice is only correct if Prudence is still carried on a parent's insurance policy.
D) Alice is likely correct only because Prudence is a student with a student policy.
E) Alice is incorrect.
G) B) and C)
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A) Business loss
B) Profit loss
C) Commercial
D) Economy
E) Economic
G) A) and B)
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A) Scotland has a Marine Insurance Act in its mercantile law that addresses insurance contracts.
B) Marine insurance policies cover most marine activities including liability to third parties in the event of difficulties while at sea.
C) Marine insurance policies are among the most simple and easy to understand insurance policies.
D) Marine insurance policies tend to be exacting.
E) Before an insurer will sign a policy, the value of the item insured must be specified in the contract.
G) None of the above
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A) The court ruled that coverage was required under the policy because of the mailbox rule.
B) The court ruled that coverage was not required under the policy because of the mailbox rule.
C) The court ruled that coverage was not required under the policy because the insured did not meet his obligation of seeing that the premium amount was received by the insurer in a timely manner.
D) The court ruled that coverage was required because the insured had a grace period of 7 days in order for the payment to arrive.
E) The court ruled that under the unique facts of the case, there was acceptance of the renewal offer preventing a lapse of the policy.
G) A) and C)
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