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:

Noncontrolling Interest

A minority stake in a company, held by investors or other companies that do not have control over business operations.

Valuation Basis

The method or approach used to determine the value of an asset or a company.

Investment Account

An account established to hold investments such as stocks, bonds, mutual funds, and other assets for long-term growth or income generation.

Adjusted Subsidiary Value

The valuation of a subsidiary company after making necessary adjustments to its assets and liabilities to reflect fair value or to eliminate intercompany transactions.