Absolute liability Study guides, Class notes & Summaries

Deontology - ANSWERSthe study of the nature of duty and obligation. Consequentialism - ANSWERSthe doctrine that the morality of an action is to be judged solely by its consequences. The ends justify the means Virtue - ANSWERSbehavior showing high moral standards. Relativism - ANSWERSthe doctrine that knowledge, truth, and morality exist in relation to culture, society, or historical context, and are not absolute. Which ethical concept is related to the right to use a person's or an ...

Xcel solutions final exam Maryland Life and health questions and answers 100% pass What is normally the consequence for NOT obtaining preadmission certification prior to receiving inpatient medical care? A reduction in benefits A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a Risk retention group During the application process, a statement made by an applicant that becomes part of the contract is considered to be a(n) Warrant...

Under absolute liability, does an injured party need to prove negligence? - Answer- No. Absolute liability exists when a condition or conduct is inherently dangerous, so proof of negligence is not required. What insurance principle does pro rata liability protect? - Answer- Indemnity What is the difference between vacancy and unoccupancy? - Answer- Vacancy - refers to an insured structure in which no people have been living or working and no property has been stored for the specified perio...

Absolute Liability correct answers Where the law imposes liability without regard to fault or negligence. Monoline Policy correct answers A policy that provides only one type of insurance on the policy: only property insurance. Compensatory Damages correct answers Monies paid to make an injured person whole again. Contributory Negligence correct answers Holds that if the injured party contributed to the injury in any way through his own negligence, he has no right to recover damages. ...

Personal Lines Insurance Practice Exam Questions and Answers Latest | 100% Correct. Bobby, age 16, borrows his parents' car without their permission and gets into an accident. Which of the following statements about coverage under the parents' personal auto policy is CORRECT? A) Bobby is covered by his parents' policy because he is included in the definition of named insured. B) Bobby is not covered for this accident because he used the car without permission. C) Bobby is not covered ...

COMLEX Medical Law/Ethics Exam Questions with correct Answers Latest How long does a physician have to release records when requested by a patient? - 30 days; 5 days after written consent if medical records are requested for Tx What are the 3 types of torts (aka. Civil wrong, as opposed to a criminal wrong)? - There are basically three types of torts: 1. *Intentional* torts= when doc intentionally causes harm knowing the consequences 2. *Negligence*= 4D's; An act or failure to act (om...

ACA Final Exam questions and answers well elaborated At the end of this course, you must do which of the following? Pass the final course exam with a scored of 70% or higher Print your certificate from this website Apply for your Insurance Adjuster license at the Florida Department of Financial Services website at All of the above All of the above Which of the following is NOT one of the duties of the Department of Financial Services? License adjusters Set rates and writ...

The most common manner in which to transfer risk in real estate property management is through the use of: A. indemnification agreements. B. insurance policies. C. hold harmless agreements. D. release of liability forms. CORRECT ANSWER B. In risk management, the most common and effective manner in to transfer risk is by the use of insurance policies. The property owner pays a premium, and the insurance company takes on the liability for the occurrence of the insured event. Which of the...

AINS 103 | (All Practice Questions from the Course) with 100 % correct answers | Verified& Updated 2024 | Already Passed Which one of the following best describes real property? Select one: A. Property being shipped to or from others. B. Business personal property that includes furniture, machinery and equipment, and stock/inventory. C. Tangible property that includes land, structures permanently attached to the land, and whatever is growing on the land. D. Vehicles, merchandise, furniture...

Absolute Liability correct answers Liability that arises from an extremely dangerous situation. Absolute liability is often found in cases involving explosives. Also known as "strict" liability. For ex you are absolutely liable if you keep a wild animal as a pet. Accident correct answers A sudden and unexpected event, occurring at a specific time and place. Actual Cash Value (ACV) correct answers The cost to replace an item of property at the time of loss, less an allowance for depreciat...