Conrad is an architect who has just been sued because a building he helped design has collapsed and injured several people. What type of insurance would help him with court costs and settlements. A. legal malpractice B. universal C. medical malpractice D. general liability E. catastrophic

Insurance companies are regulated under federal insurance laws. True False

Because of the moral hazard problem, a-the government has increased incentive to regulate insurance markets. b-low-risk individuals do not choose insurance. c-the costs of providing insurance decreases. d-full insurance may no longer be efficient.

H applied for a individual major medical policy. When H filed a claim within the first year of coverage and the underwriter noticed that the H's age on the claim form was different than what was listed on the application. The insurer will take which of the following actions regarding H's claim?    A: Deny the claim and refund premiums    B: Deny the claim, cancel the policy and keep all premiums    C: Pay the claim in full and keep the policy as is    D: Adjust the claim benefit amount to the insured's correct age

what would be the advantages and disadvantages of privatizing medical centers?

Adverse selection occurs because of      A) spreading of risks. B) diminishing marginal utility. C) of imperfect information.      D) moral hazard

Alana wishes to obtain auto insurance. She wants 100/300/100 liability coverage, $250 deductible collision and full coverage comprehensive. She lives in territory 2 and has been assigned to driver class 2 with a rating factor of 1.25. Based on Table 19-6 and Table 19-7, what would be her total premium, if her three-year-old car were in model class L? (Round your answer to the nearest cent.) a. $355.00 b. $365.00    c. $456.25 d. $465.38

How does the presence of asymmetric information in the used car market impact the behavior of buyers, sellers, and market outcomes?

I need quick response.

Insurance needs change throughout a person’s lifecycle because people’s needs change.  True or False