Chapter 21. Answers to Practice Exam 1

Quick Check Answer Key 1

1. B

2. B

3. C

4. C

5. C

6. B

7. D

8. A

9. D

10. B

11. D

12. B

13. B

14. B

15. C

16. A

17. B

18. D

19. B

20. C

21. C

22. A

23. B

24. A

25. B

26. B

27. A

28. B

29. B

30. C

31. C

32. C

33. A

34. A

35. A

36. A

37. A

38. B

39. A

40. D

41. A

42. B

43. C

44. B

45. A

46. C

47. D

48. A

49. A

50. B

Answers and Explanations

A1:

Answer B is correct. Reciprocal insurers consist of members who are unincorporated and collectively share losses and provide insurance to themselves. Lloyd's Associations are syndicates of insurance underwriters, and mutual and multi-line insurers are examples of traditional insurance companies.

A2:

Answer B is correct. Under homeowners coverage for medical payments to others, injuries to the named insured, family members, ...

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