1. The least expensive form of PERMANENT INSURANCE protection is

A. term.
B. straight life.
C. limited payment.
D. universal.

2. Commonly, surgical expenses are covered on the basis of

A. actual surgical expense.
B. listed benefit schedules.
C. specific percentage of surgical expense.
D. average national cost of the surgery.

3. Even though your INSURANCE COMPANY issued you a policy after reviewing your applicationfor INSURANCE , it can still withdraw the policy for certain reasons if the _______ clause is in the policy.

A. incontestability
B. underwriting
C. loss PREVENTION
D. risk assumption

4. The best way to determine if you need LIFE INSURANCE and how much you need is to use the_______ approach.

A. multiple earnings

B. needs
C. future value
D. financial security

5. After the INSURANCE COMPANY reimbursed you for the loss related to property you insured, itmade a request from the negligent party to recover its payment. It has the right to do this under the policy because of the right of

A. subrogation.
B. coinsurance.
C. indemnity.
D. negligent action