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CPCU 530 Questions And Answers With Verified Solutions Already Passed!!!(2024)
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CPCU 530 Questions And Answers With Verified Solutions Already Passed!!!(2024)
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CPCU 530 Questions And Answers WithVerified Solutions Already
Passed!!!(2024)
Doctrine of stare decisis - ANSWER✔✔ The principle that lower courts must
follow precedents set by higher courts.
Equity - ANSWER✔✔ Fairness, or a body of principles constituting what is fair and
right.
Criminal law - ANSWER✔✔ The branch of the law that imposes penalties for
wrongs against society.
Civil Law - ANSWER✔✔ A classification of law that applies to legal matters not
governed by criminal law and that protect rights and provides remedies for
breaches of duties owed to others.
Substantive Law - ANSWER✔✔ A classification of law that creates, defines, and
regulates parties' rights, duties, and powers.
Procedural Law - ANSWER✔✔ A classification of law that prescribes the steps, or
processes, for enforcing the rights and duties defined by substantive law.
Equal Protection Clause - ANSWER✔✔ A part of the Fourteenth Amendment to
the U.S. Constitution prohibiting state laws that discriminate unfairly or
arbitrarily, and requiring equal treatment to all persons under the like
circumstances and conditions.
,National Association of Insurance Commissioners NAIC - ANSWER✔✔ An
association of insurance commissioners from the fifty U.S. states, the District of
Columbia, and the five U.S. territories and possessions, whose purpose is to
coordinate insurance regulation activities among the various state insurance
departments.
Original jurisdiction - ANSWER✔✔ The power of a court in which cases are
initiated to hear those cases.
Diversity jurisdiction - ANSWER✔✔ The authority of federal district courts to hear
cases involving parties from different states that involve amounts in controversy
over a legal minimum.
Writ of certiorari - ANSWER✔✔ An appellate court's order directing a lower court
to deliver its record in a case for appellate review.
Conflicts of law - ANSWER✔✔ A body of law that resolves questions when states'
laws conflict.
Administrative law - ANSWER✔✔ The statutory laws that grant power to
administrative agencies to act and the body of law that is created by
administrative agencies themselves.
Allegation - ANSWER✔✔ A claim made in the complaint by the plaintiff, specifying
what the plaintiff expects to prove to obtain a judgment against the defendant.
Complaint - ANSWER✔✔ The allegations made by a plaintiff in a lawsuit.
,Pleading - ANSWER✔✔ A formal written statement of the facts and claims of each
party to a lawsuit.
Cause of action - ANSWER✔✔ A plaintiff's legal grounds to sue a defendant.
Answer - ANSWER✔✔ A document filed in court by a defendant responding to a
plaintiff's complaint and explaining why the plaintiff should not win the case.
Counterclaim - ANSWER✔✔ A complain brought by the defendant against the
plaintiff.
Motion - ANSWER✔✔ A formal request for the court to take a particular action.
Motion to dismiss - ANSWER✔✔ A request that a court terminate an action
because of settlement, voluntary withdrawal, or procedural defect.
Motion for summary judgment - ANSWER✔✔ A pretrial request asking the court
to enter a judgment when no material facts are in dispute.
Discovery - ANSWER✔✔ A pretrial exchange of all relevant information between
the plaintiff and defendant.
Deposition - ANSWER✔✔ A pretrial discovery tool involving oral examination of a
witness to produce a written verbatim record.
, Interrogatories - ANSWER✔✔ Specific written questions or requests raised by one
party to a lawsuit that the opposing party must answer in writing.
Subpoena - ANSWER✔✔ A legal order to a witness to appear at a certain place
and time to testify or to product documents.
Direct examination - ANSWER✔✔ Questioning one's own witness during a legal
proceeding.
Cross-examination - ANSWER✔✔ Questioning an opposing party during a legal
proceeding to bring out information favorable to the questioner's own position or
to challenge the witness's testimony.
Relevance - ANSWER✔✔ A quality of evidence that suggests the evidence is more
or less likely to be true.
Materiality - ANSWER✔✔ A quality of evidence that tends to establish a particular
element of the claim that has legal significance.
Competence - ANSWER✔✔ A quality of evidence that suggests the source is
reliable and the evidence is adequate to justify admission in court.
Hearsay rule - ANSWER✔✔ The rule of evidence that prevents the admission of
out-of-court statements not made under oath by a person who is unavailable to
testify.
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