Liam’s personal umbrella policy required a minimum of $300,000 of bodily injury liability coverage per person under his personal auto policy. Liam’s personal auto policy has split limits of $100,000/$300,000/$50,000.  In an auto accident caused by Liam’s negligence, the driver of the other car was injured and a court awarded the driver $200,000 for his bodily injuries.   How much will Liam’s personal auto policy and umbrella policy pay for this loss?      

Under the HO-3 policy, all open-perils are covered, with some exceptions. All of the following are perils that are excluded from an HO-3 policy, EXCEPT:

The personal liability umbrella policy (PLUP) is designed to: 

Austin’s employer sponsors a group health insurance plan and a health care flexible spending account (FSA) and Austin contributed $1,000 from his salary. His out-of-pocket copayments and deductibles for medical and dental care were $950, and he spent $50 to purchase aspirin and over the counter cold remedies in preparation for the cold and flu season. Which of the following statements concerning Austin’s FSA is correct?  

Which homeowners policy form is designed for the tenants of rental property?  

All of the following impact the cost of a long-term care policy EXCEPT.

When comparing group long-term disability (LTD) with individual LTD policies, differences include all the following EXCEPT:

Which of the following individuals would not qualify for long-term care benefits?  

Under what type of insurance policy must an insured always have an insurable interest at the time of loss to receive payments?  

There are various factors that influence the need for long-term care insurance. Which of the following is correct regarding these factors?