In Order to Collect Under Uninsured Motorists Coverage,three Specific Conditions

question 122

Multiple Choice

In order to collect under uninsured motorists coverage,three specific conditions must be in effect.They are:

• A)another motorist was at fault; this motorist has no available insurance coverage; and damages were incurred.
• B)another motorist was at fault; this motorist has insurance coverage; and damages were incurred.
• C)you were at fault; the other motorist has insurance coverage; and damages were incurred.
• D)you were at fault; the other motorist has no available insurance coverage; and damages were incurred.
• E)either a or d

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Definitions:

Pre-acquisition Profits

The earnings generated by an acquired company prior to the date on which it was acquired by the parent company.

Jointly Controlled Entity

A business arrangement under shared control by two or more parties, each having strategic and financial control.

Proportionate Consolidation

A method of accounting for a business partnership where the income, expenses, assets, and liabilities of the partnership are combined in proportion to the owning company's percentage of interest in the venture.