Nick Is the Beneficiary of a Life Insurance Policy on Ollie's

question 72

Multiple Choice

Nick is the beneficiary of a life insurance policy on Ollie's life obtained from Peoples Insurance Company through Quinn, an insurance broker. The insurer of this policy is

• A) Nick.
• B) Ollie .
• C) Peoples Insurance.
• D) Quinn.

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Definitions:

Law

A system of rules established by a society or government to regulate behavior, with penalties for violations.

Rationalism

A philosophical viewpoint arguing that reason is the chief source of knowledge rather than sensory experience.

Natural Law

A philosophical theory that posits the existence of a law whose content is set by nature and that therefore has validity everywhere.

Ethical System

A coherent set of moral principles, values, and standards that guide individuals or groups in making decisions and conducting themselves.