QUESTION 1 4 points Saved Vickie's house was destroyed by a tornado that passed through her town. She was covered by a standard homeowner's policy. Vickie must fulfill all of the following duties as a precondition of receiving benefits EXCEPT: Give notice immediately to the insurance company or agent. Protect the property from further damage. Obtain estimates of the damage from credible sources. Prepare an inventory itemizing losses to the building and personal property. QUESTION 2 4 points Saved Which of the following statements concerning the personal auto policy's (PAP's) Part C Uninsured Motorists coverage is (are) correct? 1. Under Part of the PAP, the insurer agrees to pay compensatory damages that an insured is legally entitled to recover from the owner or operator of an uninsured motor vehicle because of bodily injury (and property damage in a few states) sustained by an insured and caused by an accident. 2. The uninsured motorists coverage applies to claims for medical expenses, lost wages, and pain and suffering, punitive or exemplary damages. 1 only. 2 only. Both 1 and 2. Neither 1 nor 2 QUESTION 3 4 points V Saved Annuities are used for a variety of reasons. Which of the following statements is correct regarding annuities? Most annuities are annuitized. Annuities are the most cost efficient way to access tax deferred growth for most people. Withdrawals from an annuity before age 59% result in an early withdrawal penalty on the entire amount of the withdrawal. Withdrawals from a non-qualified annuity issued after August 13, 1982 come out basis first then earnings