NJ Casualty Test Exam With 100% Correct Answers 2023.
10 views 0 purchase
Course
Nj Property And Casualty
Institution
Nj Property And Casualty
NJ Casualty Test Exam With 100% Correct Answers 2023.
when the courts usually resolve any ambiguity in policy wording in favor of the insured this is because what?
Doctrine of reasonable expectations
Doctrine of Reasonable Expectations
States: that a policy includes coverages that an average ...
NJ Casualty Test Exam With 100% Correct
Answers 2023.
when the courts usually resolve any ambiguity in policy wording in favor of the
insured this is because what?
Doctrine of reasonable expectations
Doctrine of Reasonable Expectations
States: that a policy includes coverages that an average person would reasonably
expect it to include, regardless of what the policy actually provides.
Which is not an agent's responsibility to the insured?
Settling and paying claims
A women slips and falls on icy steps and breaks her leg. What may be a peril in
this situation ?
The fall
peril
cause of loss
Part of the policy that can void the policy if they are breached, weather the breach
was intended or not?
Warranties
An insured's attempt to mitigate risk ?
Reduction
Type of Insurance the government may step in to provide that is not ordinarily
available for private insurers?
Residual Market
One party of the contract has greater power over the other in drafting the
contract.
Contract of adhesion
Personal Insurance contract
An insurance contract insures the person who owns the property, not the actual
property itself
Excess Line carriers
Non-admitted/unlicensed carrier who is held to different regulations than other carriers.
Protects insurance companies from catastrophic losses and from wild
fluctuations in underwriting results
reinsurance
Contract Against Public Policy is not enforceable due to what part of contract
legal purpose
tort
a wrongful act or an infringement of a right leading to legal liability.
An insured is found legally liable for the loss of another and is ordered to pay
general damages
Damages compensate for pain and suffering.
Under CGL which is covered under supplementary payments
cost of bail bonds
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ACADEMICAIDSTORE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
