1. Jade's morning commute taking the beltway averaged 40 minutes. One day she used surface roads and discovered the drive had taken only 30 minutes. What percentage of her usual travel time had she saved?

2. Insurance that protects a car owner against financial loss resulting from a wreck or rollover is called:

3. This refers to how the death benefits are distributed to the beneficiaries.

4. Who is the person or legal entity designated to receive a life insurance death benefit?

5. Which one of the following statements about offer and acceptance for insurance contracts is true?

6. Laws under which businesses that sell liquor may be held liable for the negligence of those who consume the liquor are referred to as:

7. An employer-sponsored retirement plan in which the employee, and usually the employer, makes payments into a fund that the employee manages is called:

8. The primary purpose of coinsurance in property insurance is to:

9. This type of auto insurance coverage pays for physical injuries sustained by the insured and passengers in the insured's auto.

10. A false statement made by an applicant for insurance is an example of a:

11. What is it called when the risk of financial loss must be demonstrated before buying a life insurance policy on someone else?

12. If a visiting guest is injured inside a tenant's apartment, who is responsible for the injuries?

13. Which choice best describes the meaning of 'tax-deferred?

14. Under one doctrine, a person who understands the danger inherent in an activity cannot recover damages in the event of injury from the activity. This doctrine is the:

15. A reinsurance contract that is entered into on a case-by-case basis after an application for insurance is received by a primary insurer is called:

16. The amount an insured pays on a claim before the insurer pays the remainder is the:

17. Maxine's hands hurt so badly from typing that she could hardly move her thumbs. The workers' compensation insurer did not dispute the injury and agreed to pay for treatment. After a $20,000 operation and 18 physical therapy sessions at $150 apiece, how much did the insurer pay?

18. Most Americans buy an auto insurance policy designed for personal use of a private passenger vehicle usually called:

19. The worst loss that is likely to happen is referred to as the:

20. Which one of the following statements about treaty reinsurance is true?

21. Lauren's insurance company increases standard premiums by 12 percent if a car is usually driven more than 20,000 miles a year. If Lauren's standard premium normally would be $940, how much would she pay with the high-mileage increase?

22. Fly-By-Night Insurance Company had much larger losses than forecast. The company had not charged adequate premiums nor had the company purchased reinsurance. If Fly-By-Night becomes insolvent, which one of the following will help to pay the unpaid claims of the insurer?

23. Monopoly Insurance is the only company marketing a certain line of insurance in a state. After complaints from several consumers, the State Insurance Department investigated Monopoly's rates. The regulators determined that Monopoly was taking advantage of being the only insurer offering the line by charging more than double the actuarial cost of the coverage. Which regulatory rating objective was Monopoly violating?

24. The most important factor in an insurance company's decision on the price you pay for homeowners insurance is:

25. The cash value option allows the insured to: