Donna,who Is Single and 30 Years Old,received Several Speeding Tickets

question 15

Multiple Choice

Donna,who is single and 30 years old,received several speeding tickets recently and was shocked by the effect they had on her auto insurance.Donna drives a 2002 Pontiac Firebird.She is currently not covered by health insurance,has an emergency fund of $25,000,an income of $100,000 per year,and an investment portfolio of $230,000.She is trying to reduce the price of her auto insurance.Which of the following actions is most likely to help Donna reduce the price of her auto insurance?

• A)Maintaining her liability limits at current levels
• B)Raising her medical payments coverage
• C)Raising her deductible from $250 to $1,000
• D)Maintaining her collision coverage at current levels
• E)Raising her collision coverage by $10,000

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Definitions:

Consent Order

A legal document, approved by a judge, which formalizes an agreement reached between two parties in a dispute, without the need for a trial.

Disputed Behavior

Actions or conduct in question that are contested or challenged by parties in a disagreement.

Rule 10b(5) Violation

A breach of the SEC rule against fraud and deceit in the trading of securities.

Half-truth

A deceptive statement that includes some element of truth, used to mislead by omission.