Considering the mitigation of damages rule, the formula for damages is the amount generally recoverable as damages less the amount of loss the injured party could reasonably have avoided by stopping performance, making substitute arrangements, or otherwise.  True  False

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

The Life and Health Insurance Guaranty Association may NOT do which of the following? A). Take legal action as necessary to avoid payment of improper claims B). Revoke the license of an insolvent insurer C). Borrow money to carry out its purposes under the law D). Enter contracts to carry out its provisions under the law

All of the following are eligible for coverage under a Dwelling policy, except:   A A residential structure with four rental units   B A residence that is also used for a home office   C Mobile homes permanently affixed to a foundation   D The house on a family farm

The purpose of the coordination of benefit clause found in group policies is to:    A: promote over insurance    B: help the insured profit from loss    C: reinforce indemnity    D: help the insurance company cancel claims

Pls help ASAP

John Hoover, age 35, has $70,000 of protection under his employer's group term life insurance plan, for which he makes a monthly contribution of $1.50. His wife is named as beneficiary. The actual cost to the employer for his protection is $.20 per month per $1,000 of insurance, and the uniform premium for group term insurance under the Internal Revenue Code is $.09 per month per $1,000 of insurance. Under Sec. 79, what is the annual amount that Hoover, who is not a key employee, must report for federal income tax purposes because of his group term insurance protection? A. $3.60 B. $30.00 C. $21.60 D. $57.60

A local insurance company offers both home and auto insurance to four types of customers with the reservation prices listed in the figure below. Assume for simplicity that there is only one consumer of each type. Home Auto Bundle Customer A $90 $67 $157 Customer B Customer C Customer D $117 $87 $204 $103 $77 $180 $83 $52 $135 If the firm were to sell home and auto insurance separately, it would charge $83 for home insurance, $52 for auto insurance, and earn a combined revenue of $540. Determine the revenue the firm would receive if it used a pure bundle. Comparing the revenue of the pure bundle to the revenue of selling home and auto insurance separately, we can conclude that the reservation prices of the consumers must: O A. have no correlation B. be positively correlated C. be negatively correlated D. be serially correlated