No fault insurance - Study guides, Class notes & Summaries

Michigan P & C Insurance Exam Test Question and answers already passed 2023/2024 Termination of Insurance for auto and home must be sent to last know address no later than - correct answer 30 days before cancellation Termination of casualty insurance cannot take place until- from the mailing date - correct answer 10 days PIP in auto insurance covers individual care from a family member for - correct answer a limit of $20 a day for three years limited collision - correct answer shall pa...

What are some types of vehicle technology advancements? correct answer: dashboards, cell phones, navigation systems, driving techniques, braking systems What is a seat belt pretensioner? correct answer: Pretensioners automatically tighten the belt to prevent the individual from jerking forward in a collision or at a sudden stop. You no longer have to pull the adjustable strap to fit your body. Why do traffic laws exist? correct answer: Traffic laws reduce chaos, keep traffic moving and ...

FINN 3623 Exam 1 Terms (Nelson Driver) || All Questions & Solutions (Rated A+) FINN 3623 Exam 1 Terms (Nelson Driver) || All Questions & Solutions (Rated A+) Risk - ANSWER - The uncertainty of an outcome -Can be positive or negative Pure Risk - ANSWER - The chance of having a loss or chance of not having a loss (When insurance companies write a policy, the only policy they take under consideration) Subjective Risk - ANSWER - Attitude toward risk (Also known as your level of risk toler...

Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests - Correct Answer -D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one payment is made by the insurer and it is up to the additional in...

Florida No-Fault Tort Exemption Correct Answer: Those who comply with the law are granted limited immunity from suits of others through PIP coverage. 4 Exceptions to Tort Exemption(Threshold of No-Fault) Correct Answer: 1. Significant and Permanent loss of bodily function. 2.Permanent injury other than scarring and disfigurement. 3.Significant and Permanent scarring or disfigurement. 4.Death What does NFIP stand for? Correct Answer: National Flood Insurance Program Form SR-22 Corr...

TEST BANK Enterprise Risk Management S - The Marketplace to Buy and Sell your Study Material 1 RSK2601 TEST BANK Question 1 Which one of the following is a benefit of effective risk and opportunity management? 1) Improved profit certainty 2) Increased shareholder value 3) Increased stakeholder confidence Correct option 3 4) Lower economic returns Explanation Improved cost certainty, sustainable shareholder value, increased stakeholder confidence and higher economic returns...

City MD Scribe Latest 2024 Already Graded A Phase 1 n y & vitals 3.Past medical History 4.Chief complaint 5.HIP (history of present illness) 6.ROS (review of systems) Rapid strep Sore throat rapid flu flu like symptoms Urine test Urine complaints, abdominal complaints (if female) Visual acuity eye complaints Past medical history (in order) 1. current medication 2.Medical conditions 3.Allergies 4.Surgical history 5. family history 6. social history HPI (in order) Onset severity nature Perti...

Insurance Adjuster Exam Questions and Answers Rated A+ Which kind of losses are covered under a standard fire policy? Direct All fires are not covered by the Standard Fire policies, only those that: are hostile and have a flame or glow At what time does a fire policy go into affect? 12:01am standard time at the location of the insured's property A property is insured under two Standard Fire policies for $25,000 each. A fire causes $10,000 worth of damage. What is the maximum amount the insur...

What are some types of vehicle technology advancements? - ANSWER dashboards, cell phones, navigation systems, driving techniques, braking systems What is a seat belt pretensioner? - ANSWER Pretensioners automatically tighten the belt to prevent the individual from jerking forward in a collision or at a sudden stop. You no longer have to pull the adjustable strap to fit your body. Why do traffic laws exist? - ANSWER Traffic laws reduce chaos, keep traffic moving and give all road users a co...

What is the name given to the collection of written decisions? - Answer- Case Law Explain the concept of the Rule of Precedent. - Answer- 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". - Answer- Compensation in money for the loss or damage suffered. Compensatory damages for bodily injury are ...