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	1) The type of insurance company in which the policyholder is considered a beneficial owner, with voting rights as long as the policy remains active is a:
	a: Stock company b: Mutual company c: Risk retention group d: Lloyd's Association
	2) Under a reporting form claims-made policy, a claim must be ___ during the current policy period (or any applicable extended reporting policy) for the policy to respond.
	a: made b: reported c: made and reported d: taken to trial
	3) Your Declarations Page states that the limits on your medical professional liability insurance policy are $1million/$3 million. What does this mean?
	a: $1 million per claimant up to a maximum of $3 million b: $1 million per occurrence/$3 million aggregate c: $1 million per occurrence/$3 million lifetime limit d: None of the above
	4) Extended Reporting Period coverage is also known as ____.
	a: extension b: tail c: nose d: endorsement
	5) The legal amount of time a plaintiff is allowed to file a complaint for damages is known as___.
	a: statute of limitations b: jurisdiction c: discovery d: retainer
	6) The total policy limits available for a malpractice claim are usually diminished by the cost to defend the claim.
	a: True b: False
	7) What types of proceedings can trigger legal expenses?
	a: Disciplinary proceedings by health care entities and by state licensing authorities b: Disciplinary proceedings by PROs and by the DEA c: EMTALA violation proceedings and HIPAA violation proceedings d: All of the above
	8) Mature claims-made premium rates:
	a: Are equal to 1st-year claims-made premium rates b: Are less than 3rd-year claims-made premium rates c: Reflect coverage for prior acts d: Apply only to physicians and surgeons who are more than 40 years old
	9) Claims-made premium rates:
	a: Always reflect Prior Acts coverage b: Always reflect Extended Reporting Period coverage c: Always are higher than occurrence rates d: Always are step-rated
	10) Consent-to-settle means settlement may not take place until the Additional Insured provides consent:
	a: True b: False