Seeking answers to your insurance inquiries? Explore our website for thorough information and expert guidance on all insurance-related matters.
Admitted Asset
Get link
Facebook
Twitter
Pinterest
Email
Other Apps
Include assets that are liquid and whose value can be assessed or receivables that can reasonably be expected to be paid. They are included by insurance companies on financial statements because it is required by law.
You are riding in Sarah's car when she fails to yield and causes an accident. Which of the following coverages would NOT pay for your injuries? Answer: Sarah's Collision coverage In the scenario described, if you are riding in Sarah's car when she fails to yield and causes an accident, the coverage that would typically not pay for your injuries would be "Medical Payments Coverage" (MedPay) or "Personal Injury Protection" (PIP), depending on the specific insurance policy and jurisdiction. Here's a breakdown of the relevant coverages and why they may or may not apply: Liability Coverage : This coverage pays for injuries and property damage you cause to others in an accident where you are at fault. Since Sarah is at fault in this scenario, her liability coverage would typically cover injuries to other parties involved in the accident, including you as a passenger in her car. However, it would not cover your injuries. Medical Payments Coverage (MedPay) :
Hannah is six months pregnant when she switches jobs. Which law ensures that Hannah's "pre-existing condition" will be covered under her new health insurance plan? Answer: Health Insurance Portability and Accountability Act