Contingent liability - Study guides, Class notes & Summaries

yes, there would be coverage for this bodily injury claim. This is a premises exposure and the are no exclusions for this scenario. Ed has an unendorsed policy, his worker was showing a chainsaw to a client and accidentally injures the client. Would there be coverage under the CGL policy? Premises liability Business Operations liability Completed Operations liability Products liability Contractual Liability Contingent Liability Identify 6 exposures covered in the CGL Policy ...

FLORIDA 2-20 EXAM | 837 TEST BANK ACTUAL QUESTIONS AND ANSWERS 100% CORRECT | LATEST UPDATE 2024 {WELL ILLUSTRATED} 1.If someone would suffer economic loss from damage to their property, they have: A: a subrogation right B: a proximate cause C: an insurable interest D: a contingent claim C: an insurable interest 2. A convenience used to provide temporary insurance is called: A - Insurance B - binder C- property coverage D- liability coverage B - binder 3. The failure of ...

If a disability income policy contains a cost-of-living adjustment rider, benefits must typically be increased - correct answer at least once per year from when benefits begin Which of these statements regarding the extended term insurance nonforfeiture option in a life policy is accurate? - correct answer the premium to purchase the coverage comes from the policy's cash value Which of the following is not a reason for a business to buy key person life insurance? - correct answer an incre...

IAS 37 (Provisions, Contingent Liabilities & Contingent Assets) Exam Questions & Answers 2024/2025 What does it Not Apply to? - ANSWERS* Non-onerous executory contracts. * Financial Instruments in IAS 39. * Insurance contracts as in IFRS 4. Provision - ANSWERSA liability of uncertain timing and amount. Liability - ANSWERSPresent obligation as a result of a past event, the settlement of which will result in an outflow of economic benefits. Present Obligation - ANSWERSMay have ...

As used in this code the word "shall" is - ️️Mandatory (unless otherwise apparent) As used in this code the word "may" is - ️️permissive (unless otherwise apparent) "Oath" includes - ️️affirmation "Person" means - ️️person, association, organization, partnership, business trust, limited liability company, or corporation Definition of Insurance - ️️Insurance is a contract whereby one undertakes to indemnify another against loss, damage, or liability arising...

As used in this code the word "shall" is - ️️Mandatory (unless otherwise apparent) As used in this code the word "may" is - ️️permissive (unless otherwise apparent) "Oath" includes - ️️affirmation "Person" means - ️️person, association, organization, partnership, business trust, limited liability company, or corporation Definition of Insurance - ️️Insurance is a contract whereby one undertakes to indemnify another against loss, damage, or liability arising...

CLG0010 DoD Governmentwide Commercial Purchase Card Overview Lesson 6 - GPC Challenges and Resolutions Unauthorized Commitments and Ratifications - ANS-An unauthorized commitment is an agreement that is not binding solely because the Government representative who made it lacked the authority to enter into that agreement on behalf of the Government. Only individuals who have received a written delegation of procurement authority may bind the Government. A ratification is the act of app...

d. Eight hours prior to renewal for licenses issued prior to January 1, 19 - answera. All licensees are required to pass a LTC knowledge exam every 10 years Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), which of the following is a qualifying event? a. Promotion b. Divorce c. Marriage d. Relocation - answerb. Divorce Unless it is merely a statement of an expectation or a belief, a representation as to the future is considered which of the following? a. Promise b. Pr...

Premises Liability - applies to owners, landlords and tenants and arises out of the ownership, maintenance or use of the insured's premises How can Premises Liability be Limited? - when coverage only applies to a designated premises (premises has to be scheduled) (CG 21 44) Business Operations Liability - liability arises from activities involved in the operation of an organization including service and repair activities usually done on the premises of others, WHILE the activity is being ...

Paralegal Chapter 10 Latest Version Graded A+ Civil dispute A legal controversy in which (a) one private person or entity (e.g., business) sues another; (b) private person or entity sues the government, or (c) the government sues a private person or entity for a matter other than the commission of a crime Criminal dispute A legal controversy in which the government alleges the commission of a crime Damages An award of money paid by he wrongdoer to compensate the person who has bee...