Compensatory damages - Study guides, Class notes & Summaries

AINS 102 (Latest 2023/ 2024 Update) Understanding Personal Insurance Exam | Questions and Verified Answers| 100% Correct| Grade A Q: Courtney drove her car home after spending an afternoon celebrating with some friends at a bar. She ran through a stop sign at a high speed and struck a van carrying a mother and two children. The van was totaled and all of the family members in the van were injured and hospitalized. The youngest child was severely injured and spent 3 months in the hospital and ...

NUR-631 Final Exam Study Guide 2023 (Questions With Complete Solutions Graded A+) fibers arise from nasal olfactory epithelium and form synapses with olfactory bulbs that transmit impulses to temporal lobe Hypoglossal nerve - ANSWER *XII* -stick out tongue -motor fibers to muscles of tongue and sensory impulse from tongue to brain -fibers arise from medulla and exit from skull and extend to tongue trigeminal nerve - ANSWER *V* -sensations of pain, touch, temperature, corneal reflex, clenc...

Inception/Expiration Date correct answers an insurance policy covers the insured starting at 12:01am on the day on which coverage begins and expires at 12:01am on the expiration day of the policy. Occurrence Date correct answers Date of which the loss occurred Identification of parties involved correct answers The loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured person(s) and the names and addresses of any witnes...

Accumulated Depreciation - ANSWER-The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - ANSWER-A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion - ANSWER-One of the characteristics of an insurance contract. Means that one party (the insurer) sets the terms, and the other ...

What are the purposes of tort law? correct answers - Appeasement - Justice - Deterrence - Social Insurance A tort's purpose it to make guilty party pay Appeasement correct answers the purpose of the law is to limit the negative impact of the infliction of injury to the event of the injury itself Justice correct answers Ethical retribution and Ethical compensation Ethical retribution correct answers places emphasis on the fact that the payment of compensation is harmful to the tor...

Property loss exposure ️ A condition that presents the possibility that a person or an organization will sustain a loss resulting from damage (including destruction, taking, or loss of use) to property in which that person or organization has a financial interest. Real property (realty) ️ Tangible property consisting of land, all structures permanently attached to the land, and whatever is growing on the land. Personal property ️ All tangible or intangible property that is not real ...

Texas All Lines Adjuster 2023 QUESTIONS AND ANSWERS Insurance - CORRECT ANSWERS The transfer of risk. Insured - CORRECT ANSWERS 1ST party. Customer. Person covered by policy. Insurer - CORRECT ANSWERS 2ND party. Insurance company Adjuster - CORRECT ANSWERS Investigates/adjusts claims Licensing age requirement - CORRECT ANSWERS 18 NOT exempt for licensing - CORRECT ANSWERS MBA Expiration date o...

What is the name given to the collection of written decisions? Case Law Explain the concept of the Rule of Precedent. Current court decisions must follow those made in cases having similar circumstances, which allows the development of a logical body of general principles against which specific cases to be compared. Explain the meaning of the term "damages". Compensation in money for the loss or damage suffered. Compensatory damages for bodily injury are an amalgamation of general and sp...

CAIB 3 Chapter 1 Questions with Verified Solutions Identify the two divisions in the Canadian Legal System Criminal Law Civil Law Should brokers always recommend clients questions concerning maters of law to a qualified legal practitioner? Yes Identify eight examples of criminal wrongs Certain uses of an automobile Possession and trafficking of drugs Murder Voluntary manslaughter Burglary, robbery and theft Price fixing Pollution of the air and water False advertising I...

Back Pay correct answers The court may award back pay to a successful plaintiff Front Pay correct answers Monetary damages awarded to a plaintiff instead of reinstatement or hiring compensatory and punitive damages correct answers If the plaintiff can demonstrate that a private sector defendant has engaged in a discriminatory practice with malice or reckless indifference to the federally protected rights of an individual, the plaintiff can recover compensatory and punitive damages, subject...