Scott Had Trouble Obtaining Auto Insurance

question 20

Multiple Choice

Scott had trouble obtaining auto insurance.After three companies refused to insure him,he called the state insurance department.A representative suggested he obtain coverage through Last Chance Insurance Company because "that's all they insure-high-risk drivers." Scott contacted Last Chance.He was not refused coverage;however,the premium Scott was required to pay was three times greater than the average premium in the market.Last Chance Insurance Company is a(n)

• A)reinsurance facility.
• B)automobile insurance plan.
• C)specialty auto insurer.
• D)joint underwriting association.

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Definitions:

Manic Phase

A period of abnormally elevated mood, energy and activity levels, often associated with bipolar disorder.

Poor Appetite

A reduced desire to eat, often resulting from psychological or physical illness.

Huge Contributions

Large or significant additions, achievements, or efforts that have a major impact on a field or area.

Faulty Perception

A situation where the perception of a stimulus does not match its physical reality, often leading to misunderstandings or cognitive biases.