NALA Paralegal Certification Torts Final Exam Questions & Answers 2024/2025
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NALA Paralegal Certification Torts
Institution
NALA Paralegal Certification Torts
NALA Paralegal Certification Torts Final Exam Questions & Answers 2024/2025
open peril group - ANSWERSeverything except whats listed
closed peril group - ANSWERSonly whats listed
rule of 72 - ANSWERSdivide a number by 72, thats how many yrs it would take for that number to double in valu...
NALA Paralegal Certification Torts Final
Exam Questions & Answers 2024/2025
open peril group - ANSWERSeverything except whats listed
closed peril group - ANSWERSonly whats listed
rule of 72 - ANSWERSdivide a number by 72, thats how many yrs it would take for that number to double
in value
english rule for attorney fees - ANSWERSthe party who loses the trial must pay both parties' attorney
fees and other legal expenses
american rule for attorney fees - ANSWERSeach party pays for their own attorney fees and other legal
expenses
split limit coverage - ANSWERStraditional form of auto ins. divides limit of liability into 3 parts: limit for
each person, total limit, and limit for property damage.
single limit coverage - ANSWERSlimit for all liability no matter how it is apportioned
which is better - ANSWERSit depends on the incident
parts of an insurance policy - ANSWERSdeclarations
definitions
exclusions
insuring agreement
misc
, insurable interest - ANSWERSa risk of financial loss
when must an insurable interest exist in life ins - ANSWERSat the time the policy is taken out
when must an insurable interst exist in property casualty - ANSWERSyou must own the property and you
must have the insurance at time of the incident
compare/contrast torts and crimes - ANSWERSboth are wrongs, torts are wrongs against an individual,
crimes are wrongs against the public
parts of a homeowners ins policy - ANSWERSdwelling
other private structures
contents
additional living expense
personal injury
medical expenses to others
assault - ANSWERSto cause fear of imminent harm
battery - ANSWERSunconsented to or unprivileged touching of person's body
three different defenses for negligence - ANSWERScontributory negligence
comparative negligence
assumption of the risk
state used defenses for negligence - ANSWERSassumption of the risk
comparative negligence
does insurance law fall under the statute of frauds and why - ANSWERSyes, the items covered by ins k
are governed by the sof
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