A Number of Technological Innovations Will Impact Auto Insurance Going

question 39

Multiple Choice

A number of technological innovations will impact auto insurance going forward.One innovation is self-driving cars and trucks.Self-driving cars and trucks are also called

• A)suburban vehicle.
• B)autonomous vehicles.
• C)replacement vehicles.
• D)all-terrain vehicles.

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Definitions:

Insurance Plan

An insurance plan refers to a contract between an individual and an insurance company, wherein the company agrees to compensate the individual for specified losses, damages, illness, or death in return for payment of a premium.

Medicare Payroll Tax

A tax collected from both employees and employers to fund the Medicare program, which provides health insurance to individuals aged 65 and older and to some younger people with disabilities.

Capital Gains Tax

A tax on the profit realized from the sale of a non-inventory asset that was greater than the purchase price, typically stocks, bonds, precious metals, and property.

Junk Foods

Foods with low nutritional value, typically high in fats, sugars, salt, and calories.