Which of the following statements is true of the duty of loyalty?
A) It requires agents to live up to the standards of performance expected of people in their occupation.
B) It assigns an agent the duty to follow all reasonable and lawful instructions of a principal.
C) It requires agents to keep accurate books that can be viewed by principals.
D) It mandates that an agent act on behalf of one principal only to avoid conflicts of interest.
D
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All of the following are true of a defined benefit plan except the:
A. plan consists of a general pool of assets. B. employer must cover any difference between plan assets and liabilities. C. employer may reduce its contributions if the plan is overfunded. D. plan consists of individual accounts.
Which statement(s) is(are) true with regard to part D of the PAP, coverage for damage to your auto?
I. If you hit a tree with your car, the resulting damage is a collision loss. II. If you hit a deer with your car, the resulting damage is an other-than-collision loss. a) I only b) II only c) Both I and II d) Neither I nor II