Asset-backed Securities, Loan Sales, and Derivatives

Question 1

An independent insurance agent may have appointments with more than one company.

Revolt · Accepted Answer

True

Question 2

Insurance company jobs that require state licensing include _____. (Select all that apply.)

Revolt · Accepted Answer

agent; broker; solicitor

Question 3

Examples of direct marketing insurance companies include _____. (Select all that apply.)

Revolt · Accepted Answer

Allstate; State Farm; Granger

Question 4

The Patient Protection and Accountable Care Act restricts insurance companies from discriminating on the basis of _____.

Revolt · Accepted Answer

health

Question 5

Prudential Financial no longer sells insurance because they were losing too much money on customer claims.

Revolt · Accepted Answer

False

Question 6

Javier has an appointment with the Heartland Insurance Company. That most likely means he _____.

Revolt · Accepted Answer

has signed a contract with the insurer

Question 7

An insurance adjuster has duties that generally include _____. (Select all that apply.)

Revolt · Accepted Answer

talking with an accident victim; looking at the accident site; reviewing the damaged goods

Question 8

The term “umbrella insurance” means a policy providing coverage for _____.

Revolt · Accepted Answer

lawsuits over injuries or damage the insured causes

Question 9

Match each insurance company in Column A with its short description in Column B.

Question 10

A sub-standard loan can best be described as a loan _____. (Select all that apply.)

Revolt · Accepted Answer

to a home buyer who does not have sufficient credit; made to a purchaser who does not have a 20 percent down payment

Asset-backed Securities, Loan Sales, and Derivatives Answers