Appendix G: Ethical Actions

Axia College Material

Appendix Q

Insurance Worksheet

Directions: Based on your readings and discussions in class this week, answer the following questions completely.

1. The functions of auto insurance include:

a. Property risks in the event of automobile accidents

b. Liability risks in the event of automobile accidents

c. State Farm

d. Answers a and b

2. Which of the following is not one of the four major characteristics of automobile insurance?

e. Part A covers liability losses

f. Part B covers medical costs for you and passengers of your insured vehicle, if you are at fault

g. Part D covers against loss or damage to your vehicle (collision coverage) in the event of an accident, regardless of fault; it also covers damage to your vehicle from any other peril (fire, theft, falling object, animal collision, and others)

h. The risk of liability, or being held legally responsible for another person’s losses.”

3. Which is an example of an auto insurance company?

i. Progressive

j. Blue Cross/Blue Shield

k. AFLAC

l. MetLife

m. Mutual of Omaha

4. The functions of home insurance include:

n. The potential to make a higher salary

o. Provides income replacement to individuals who are unable to work as a result of illness

p. Protects homeowners or renters against property or liability risks

q. The ability to receive promotions and wage increases

r. All of the above

5. Which is an example of a company that sells home insurance?

s. Allstate

t. State Farm

u. GEICO

v. MetLife

w. All of the above

6. Which is a characteristic of home insurance?

x. Covers against the risk that the physical building or its contents will be damaged by a covered event or peril such as fire, rain, wind, hail, or other natural occurrence

y. Covers against the risk that personal property,...