Property and Casualty Principles Review Test Exam Questions with Answers 100% Correct || (2024) Certified!!!

In order to get a loan to buy a car, John had to obtain insurance on the car. The purpose of the insurance requirement is to A - protect the lender's financial interest in the car in the event it is damaged or destroyed B - create an additional source of revenue for the lender C - include the insurance company as a cosigner on the loan in case John defaults on his payments D - prove to the lender that John has a sense of responsibility toward his obligations - A - protect the lender's financial interest in the car in the event it is damaged or destroyed The insurance industry employs millions of people and pays billions in tax revenue to the federal and statement government. These are 2 examples of how the insurance industry A - helps prevent losses B - Contributes to the nation's e