Insurance law Study guides, Class notes & Summaries

Well-structured LML4805 Assignment 1 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED (DETAILED ANSWERS - DISTINCTION GUARANTEED!). 1. English law of insurance remains an important authoritative source of South African insurance law”. Comment on the correctness of this statement and support your answer with reference to relevant case law. (5) 2. Briefly distinguish between indemnity and non-indemnity insurance and explain why it is necessary to distinguish between the two. (5)

Explain the economic laws of Supply and Demand, and explain why these laws do not strictly apply to automobile insurance. - pages 3-3 and 3-13. the economic theory of supply and demand proposes that more resources will be allocated to a product that increases revenue. The law of supply provides that the higher the price, then more will be supplied. the law of demand provides that, with all other factors equal, less will be demanded as the price rises. For the insurance market, supply is rep...

NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 actual exam Process 2103 (d-i) - CORRECT ANSWER-1. The Superintendent may issue a license to any person, firm or corporation who has complied with the requirements of the Insurance Code, authorizing the licensee to act as agent of any authorized insurer. Every individual applicant for a license under this section and every proposed sublicensee must be 18 years of age or older at the time of issuance of such licens...

A ******* is a person required under this state's laws to be licensed to sell, solicit, or negotiate insurance. This includes all persons or business entities referred to as "insurance agent", "agent", "insurance broker", "broker", "insurance solicitor", "solicitor", or "surplus lines broker". - ANSWERSIndividual producer A person applying for a producer license must: - ANSWERS-atleast 18 years old -Reside, or maintain their place of business in LA -Not committed any act tha...

Transferring the risk to an insurance company is known as what? - Answer- Insurance When the insured request to have the company change a condition or provision in an insurance policy the document attach to the policy is referred to as what? - Answer- Endorsement George and Sandy only home which was damaged by fire who has insurable interest - Answer- George and Sandy What is the most common loss settlement valuation in the property policies? - Answer- Actual cash value The insurance...

RRLLB81 ASSIGNMENT2 2024 ... 100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . TOPIC 1: COMPANY LAW THE TURQUAND RULE AND THE LIABILITY OF COMPANIES IN SOUTH AFRICAN LAW; TOPIC 4: INSURANCE LAW THE INSURED’S DUTY TO TAKE REASONABLE PRECAUTIONS TO AVOID LOSS OR DAMAGE TO THE OBJECT OF RISK; TOPIC 3: CRIMINAL PROCEDURE THE RIGHT TO PRE-TRIAL RELEASE IN THE CONTEXT OF THE CONSTITUTION.

NJ Health and Accident Questions and Answers 100% Pass In what form do disability income policies typically pay benefits Periodic income The Mandatory health policy provision states that the policy, including endorsements and attached papers, constitutes The entire insurance contract between the parties The entire contract includes the actual policy and the application employer sponsored group health insurance provides coverage for which of the following Alcoholism The term w...

LML4805 Assignment 1 (QUALITY ANSWERS) Semester % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . 1. English law of insurance remains an important authoritative source of South African insurance law”. Comment on the correctness of this statement and support your answer with reference to relevant case law. (5) 2. Briefly distinguish between indemnity and non-indemnity insurance and explain why it is necessary to...

RRLLB81 Assignment 3 (3 FINAL Research Reports) Semester 1 2024 - DUE 20 May 2024 (TOPIC 1: COMPANY LAW; TOPIC 3: CRIMINAL PROCEDURE; TOPIC 4: INSURANCE LAW) (TOPIC 1: COMPANY LAW; TOPIC 3: CRIMINAL PROCEDURE; TOPIC 4: INSURANCE LAW) ;100% TRUSTED workings, explanations and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9...... TOPIC 1: COMPANY LAW THE TURQUAND RULE AND THE LIABILITY OF COMPANIES IN SOUTH AFRICAN LAW; TOPIC 4: INSURANCE LAW THE INSURED’S DUTY TO TAKE REASONABL...