Which of the following statements is (are) true with respect to catastrophe bonds?I.The bonds are issued by the U.S. Government.II.The bonds have relatively high interest (coupon) rates.

Why does the insured get the benefit of the doubt if an insurance policy contains any ambiguities or uncertainties?

Which of the following statements is (are) true about life insurance company investments?I.The majority of life insurance company general account assets are invested in bonds. II.The majority of life insurance company separate account assets are invested in stocks.

Which of the following statements about an insurable interest in life insurance is (are) true?I.It is required of any person named as beneficiary.II.It may result from a pecuniary (financial) interest.

Melody’s car was damaged when another driver ran a stop sign and hit her car. Melody decided to collect from her own insurer and to let her insurer recoup the loss payment from the negligent driver who hit her. What fundamental legal principle is illustrated in this scenario?

Which of the following statements about the sale of property and liability insurance through the direct response system is (are) true?I.Selling expenses are higher because market segmentation tends to be less precise than with other marketing methods.II.It is the most appropriate system for selling complex products.

Functions of an insurance company’s legal department include which of the following?I.Lobbying for legislation favorable to the insurance industry.II.Drafting policy provisions.

What is the legal significance of a material misrepresentation in an insurance application?

Who are the suppliers for business metadata?

When reviewing a data model, completeness of metadata is one of the criteria. What does completeness mean in this context?