General Insurance Quiz

1.Ohio casualty is doing regular business in indiana. within the state of indiana, ohio casualty would be considered a

Domestic company Nonadmitted company Alien company Foreign company

2.Ohio casualty is doing regular business in indiana. within the state of indiana, ohio casualty would be considered

Admitted Domestic Unauthorized Risk retention group

3.A company chartered in guam and puerto rico doing regular business in new york would be considered by new yorkers to be a

Domestic Foreign Alien International

4.With regard to insurance, the term consideration means

The premium and the statements on the application 

The insurer's method of evaluating the applicant for coverage The screening process all agents undergo prior to licensing

The sidebyside policy comparison by the applicant

5.Which of the following terms indicates that an insurance contract contains the legally enforcable promises of only one party?

Adhesion Unilateral Conditional Aleatory