The Reason Some Insurance Customers Are More Eager to Purchase

question 35

Multiple Choice

The reason some insurance customers are more eager to purchase insurance is

• A)they are more risk averse
• B)they are less risk averse
• C)they have a greater risk of making a claim
• D)a)and c)

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Definitions:

Holder In Due Course

A legal term referring to an individual who has taken possession of a negotiable instrument in good faith, with the belief that it is valid, for value, and without notice of any defects.

Judicial Sale

A sale conducted under the supervision of a court where the property is sold to satisfy a judgment or to execute a court order.

Preceding Claim

A claim or legal demand made or recognized before another in time.

Without Recourse

A term indicating that the holder of a financial instrument cannot demand payment from the original issuer in case of default.