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A golfer slices a tee shot and the ball goes through the window of a house beside the fairway. The broken glass is paid for by - The golfer's homeowners liability coverage What was the purpose of the Motor Carrier Act of 1980? - To establish financial responsibility requirements for interstate motor carriers How does insurance distribute the financial consequences of individual losses? - It transfers the risk to all persons insured Within how many days of the final disposition of the matter must a producer report administrative actions taken against him or her to the Commissioner? - 30 days What part of the insurance contract describes the covered perils and the nature of coverage of the contractual agreement between the insurer and the insured? - Insuring agreement