An Assigned Risk Pool

question 89

Multiple Choice

An assigned risk pool:

• A)exists in every state.
• B)reduces medical costs associated with auto accidents.
• C)takes unsafe drivers off the road.
• D)reduces auto insurance premiums with state regulation.
• E)offers premium discounts to safe drivers.

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Definitions:

Order Of

Typically refers to a directive issued by a court or a sequence or arrangement of items, actions, or priorities.

Stamped Imprint

A type of mark or impression made on a document or object, often for legal or official purposes, using a stamp.

Bearer Instrument

A negotiable financial instrument that entails possession of the document itself confers ownership and thus, the entitlement to payment.

Special Indorsement

A type of endorsement on a negotiable instrument that specifies the person to whom, or to whose order, the instrument is payable.