Bacf - Study guides, Class notes & Summaries

Professional Liability Answer> - they have a higher-than-average defendant verdict - include a consent-to-settle clause, where the insurer has to obtain consent from the professional to settle the claim The subjective standard for determining whether injury or property damage involves expected results can be described as Answer> What the insured expected and intended from the act. The objective standard Answer> is based on what a reasonable person would expect from a particula...

AINS 103 EXAM QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) ALREADY GRADED A+ Ava is Regional Manager for Goshen Mutual. She is looking over the past auto losses for Disposal Inc. She is tracking the experience of their drivers, the location of accidents, and the severity of the injury to their employees and the public. She is trying to determine the frequency and severity of the auto exposure for Disposal and to use the future models to suggest where Disposal alloca...

Employees As Insureds - This commercial auto endorsement (CA 99 33) may be used to extend nonowner liability coverage to cover the individual liability of employees while they are using their own autos in the employer's business. Employee Hired Autos - This business auto policy (BAP) endorsement (CA 20 54) broadens physical damage coverage provided to employees of the named insured who hire or rent cars in their own names in the furtherance of their employer's business. Drive Other Car -...

AU62 Course Exam Practice Questions & Answers, 100% Accurate. Verified. An organization may incur losses from legal liabilities in a number of different ways. Which one of the following actions would best be described as an intentional tort? - -A newspaper mistakenly identifies the driver in an alcohol-related hit and run accident as John Doe, a prominent local attorney. Martin, a 15-year-old boy, carelessly tossed a glass bottle over the heads of several people toward a recycling bin 15...

AINS 103 (Business Insurance) All Combined Chapters Questions and Answers to Score 99%

Professional Liability -:- - they have a higher-than-average defendant verdict - include a consent-to-settle clause, where the insurer has to obtain consent from the professional to settle the claim The subjective standard for determining whether injury or property damage involves expected results can be described as -:- What the insured expected and intended from the act. The objective standard -:- is based on what a reasonable person would expect from a particular act. Excepti...

Which one of these is not an example of a coverage that is excluded under Coverage A of the CGL coverage form because it is insured under another policy? - ️️Liquor liability (Liquor liability is not an example of a coverage that is excluded under Coverage A of the CGL coverage form because it is insured under another policy. An endorsement that eliminates the liquor liability exclusion and provides coverage for organizations in the business of selling or serving alcoholic beverages is an...

Modified Flat - Fee - ️️flat fee is charged for a defined segment of a case. such as common, basic legal work like taking deps, rogs, etc. Everything else is an extra hourly charge Professional Liability - ️️- they have a higher-than-average defendant verdict - include a consent-to-settle clause, where the insurer has to obtain consent from the professional to settle the claim The subjective standard for determining whether injury or property damage involves expected results can be...

AINS 103 (Business Insurance) All in One Study Exam Questions and Answers to Score 99%

Professional Liability - - they have a higher-than-average defendant verdict - include a consent-to-settle clause, where the insurer has to obtain consent from the professional to settle the claim The subjective standard for determining whether injury or property damage involves expected results can be described as - What the insured expected and intended from the act. The objective standard - is based on what a reasonable person would expect from a particular act. Exceptions to the bu...