Part 1:
What types of life insurance policies are available to individuals?
If you were to recommend a policy to a sole proprietor business person who is 40 and has a family with 3 children and a mortgage on both home and business properties. Which would it be and why?
Describe the pro's and con's of each policy, discuss and defend your position.
What about Business Insurance, what is it and what kind would you recommend in this case? Why?
Part 2:
What are the main parts of an insurance contract and what are they designed to accomplish?
How are insurance contracts interpreted by the courts and regulatory bodies? In a dispute over coverage who has the burden of proof?
What is subrogation as it relates to insurance?
Consider a situation where a professional misrepresents information when acquiring an insurance policy and a third party is injured. What might happen if a claim is made against the insurance company that issued the policy based on fraudulent information? Will the insurance company be liable?
Support your position with a specific case.
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