All of the Following Are Considered to Be Uninsured Vehicles

question 35

Multiple Choice

All of the following are considered to be uninsured vehicles for purposes of the uninsured motorists coverage of the PAP EXCEPT

• A)a vehicle owned by an individual who is insured,but for less than the amount required by the state's financial responsibility law.
• B)a hit-and-run vehicle,the ownership of which cannot be determined.
• C)a vehicle owned by an individual who purchased just enough liability insurance to satisfy the state's financial responsibility law.
• D)a vehicle insured by a company which becomes insolvent before a claim can be paid.

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Definitions:

Earnings Per Share

A financial metric that measures the portion of a company's profit allocated to each outstanding share of common stock.

Price Earnings Ratios

A valuation metric for stocks, calculated by dividing the current market price of a stock by its earnings per share (EPS).

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Economic theories that explain how economic growth occurs in the long-term by focusing on factors like savings, investment, and technological innovation.

Technical Analyst

A professional who evaluates securities by analyzing statistics generated by market activity, such as past prices and volume.