1. Which of the following does not support the principle of indemnity?
A) Contract of adhesion
B) Insurable interest
C) Subrogation
D) Actual cash value
2. T/F: People may open bank accounts in their own names “in trust” for someone else, without signing any other trust instrument.
3. You buy a 9 percent, 25-year, $1,000 par value floating rate bond in 1999. By the year 2014, rates on bonds of similar risk are up to 11 percent. What is your one best guess as to the value of the bond?