Why does the insured get the benefit of the doubt if an insurance policy contains any ambiguities or uncertainties?

A) because insurance contracts are aleatory
B) because insurance contracts are unilateral
C) because insurance contracts are conditional
D) because insurance contracts are contracts of adhesion

Answer: D

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________ refers to jurisdiction to hear a case because of jurisdiction over the property of the lawsuit

A) In rem jurisdiction B) Quasi in rem jurisdiction C) Private jurisdiction D) In personam jurisdiction

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Which of the following statements about state insurance guaranty funds is (are) true? I. They limit the amount that policyholders can collect if an insurer becomes insolvent. II. They are usually funded by general revenues of the states

A) I only B) II only C) both I and II D) neither I nor II

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