1Third party liability auto insurance is mandatory coverage.ATrueB)False2Under an automobile's Accident Benefits Coverage, if you were driving someone else's car at the timeof the accident, theof the car would be rr onsible for the medical coverage forpassengers.AdriverownerpassengerDuninsured motoristScanned withCSCamScanner

Answer 1 Correct option (A): TRUE According to the motor vehicles Act, third party Insurance is a…

Answered: 1 Third party liability auto insurance…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

true or false single persons living alone usually have little or no need for life insurance Please answer fast i give you upvote
Under motorcycle insurance ... cover for theft of accessories and spare parts of the motorcycle is provided even when the motorcycle is not stolen. full cover for the motorcycle and passenger liability can be provided by adding a pillion passenger extension to the policy. there is no cover for the motorcycle if a passenger is being carried on the motorcycle. the driver of a motorcycle is covered when driving his own as well as another motorcycle.
Let’s say someone applies for an apartment and the landlord informs them that based on their credit report, they are not going to rent them an apartment. According to FCRA, what information must they legally provide you about that decision.
Q.If a homeowner cannot get private home insurance, what are his/her choices for coverage? I. Surplus Carriers II. Insurecare III FAIR Plans IV FHA Insurance A. II & IV B. I & IV C. II, III, & IV D. I & III
Which type of vehicle insurance would provide payment for medical expenses? a) Collision b) Property liability c) Comprehensive d) Uninsured motorist
A Personal Liability Umbrella isn't required for most people, but certainly can be valuable. At what point would it be necessary to purchase a Personal Liability Umbrella policy? After purchasing your first car or house or boat or is it ever needed? Share some points of view.
Homeowners insurance covers all of the following, EXCEPT: a) Flood b) Fire c) Damage caused by aircraft d) Accidental discharge of water from plumbing
A primary beneficiary would be named for which of the followingtypes of Accident and Heallh policies?A.Travel AccidentB.Major MedicalC.Nursing HomeD.Business Overhead Expense
Which of the following statements about "Waiver of Premium due to Disability" is false? A) Disability must occur before a stated date B) The insured has to die while disabled C) There is a waiting period D) It has to be attached to a life insurance policy
To receive coverage for bodily injury resulting from an accident with a stolen vehicle, an individual should purchase which of the following coverage? Medical payment Uninsured Motorists Bodily injury liability Property damage liability
One problem facing insurers is that there is a risk that a person will act differently if he/she does not bear all of the consequences of his/her actions. For instance, people with auto insurance policies may drive less carefully than they would drive if they were going to have to pay the full amount of any damages they caused/created. This problem is known as: A. Adverse selection B. Consumer deception C. Moral hazard D. Insurance fraud
The best strategy for health insurance coverage is to purchase a comprehensive policy. Of the following, which additional coverage should you not buy if it is not provided at work or in your individual policy? ○ Accident Terminal Disease O Dental O Eyewear O You should not buy any of the above

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