Which of the following individuals is more likely to have a need for long term care insurance?1. Tom, who has always had menial jobs & owns a small home & little else.2. Sarah who has worked as a middle manager her entire career and has a pension & social security income, in addition to her home & a modest amount of savings.

Which type of loss exposure is best handled by insurance?

All of the following are characteristics of insurance EXCEPT

What is the practical effect of an insurance policy being a contract of adhesion?

Which of the following does the pooling of losses imply?

The policy reserve for a life insurance company can be viewed as the

The policy provision requiring the filing of a proof of loss with the insurer is an example of a(n)

The basis for current state regulation of the insurance industry is the

Which of the following statements about a reciprocal exchange is (are) true? I. Each member insures each other. II. They are managed by an attorney in fact!

When placing an intravenous catheter