1. Which statement about auto insurance premiums is true?

	a.	All states use a driver's gender to set premiums.
	b.	All states use a driver's marital status to set premiums.
	c.	All states use a driver's age to set premiums.
	d.	a, b, and c
	e.	None of the above is true.

2.

Trial attorneys across the US often accept auto accident cases on a contingent fee basis, most often collecting fees equal to ______ percent of the settlement if the lawsuit is successful.

	a.	10
	b.	12.5
	c.	20
	d.	33
	e.	50

3.

All else the same, which statement about auto insurance premiums is false?

	a.	Most states allow insurers to an insured's credit rating as a factor to establish premiums.
	b.	Married drivers have better driving records than single drivers.
	c.	Males have worse driving records than females.
	d.	A few states prohibit insurance companies from charging males higher premiums than females.
	e.	Every state prohibits insurers from varying premiums based on geographic territory.

4.

The ISO homeowners' insurance policy places a limit on reimbursement for loss of cash. For which peril(s) does this limit apply?

	a.	All perils
	b.	Flooding
	c.	Fire
	d.	Windstorm
	e.	Theft

5.

What was the major change to Michigan's no-fault auto insurance law on July 1, 2020?

	a.	Minimum PL/PD limits were increased significantly.
	b.	PIP coverage was made optional.
	c.	Premiums were capped at 1/1/20 levels as of July 1, 2020
	d.	Michigan changed to a tort state.
	e.	Michigan prohibited insurers from charging different premiums based on an insured's sex.

6.

No-fault auto insurance laws represent which approach to cost containment of auto insurance premiums?

	a.	Restriction of fraudulent payments
	b.	Loss control
	c.	Loss prevention
	d.	Reduction of insurers' overhead expenses
	e.	Redistribution of losses