The Supreme Court recently made an exception to the privity rule when it allowed
A) indirect third party purchasers sue manufacturers for price fixing under the Competition Act
B) class actions against the government by striking government workers
C) pay day loan companies to set very high interest rates
D) cooling off periods for door to door sales
E) class actions by consumers against hospitals that released private information
A
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Which of the following risk classifications charges the lowest premium?
A) Preferred B) Standard C) Level D) Substandard
Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Which of these statements is true?
A) The policy automatically converts to whole life after the 10-year period B) The face amount will remain constant and the premium will increase over the 10-year period C) The premium will remain constant and the face amount will increase over the 10-year period D) The face amount and premium will remain constant over the 10-year period