3 multiple choice 1 point\n__________ policies cover awards over the amount provided in the basic policy…

3 multiple choice 1 point\n__________ policies cover awards over the amount provided in the basic policy coverage.\nparachute\numbrella\noccurrence\nclaims - made\n4 multiple choice 1 point\nmedical malpractice insurance is affected by:\nnew technologies.\nthe nature of the auto insurance market.\nthe cyclical nature of the insurance market and new technologies and treatments.\ninflation.

3 multiple choice 1 point\n__________ policies cover awards over the amount provided in the basic policy coverage.\nparachute\numbrella\noccurrence\nclaims - made\n4 multiple choice 1 point\nmedical malpractice insurance is affected by:\nnew technologies.\nthe nature of the auto insurance market.\nthe cyclical nature of the insurance market and new technologies and treatments.\ninflation.

Answer

Brief Explanations:

For question 3, umbrella policies are designed to cover awards over the amount provided in basic policy coverage. For question 4, medical malpractice insurance is affected by the cyclical nature of the insurance market along with new technologies and treatments. New technologies can change the risk - profile and treatment methods, and the cyclical nature of the insurance market impacts pricing and availability.

Answer:

  1. B. Umbrella
  2. C. the cyclical nature of the insurance market and new technologies and treatments.