Damages sustained - Study guides, Class notes & Summaries

Mutually owned co-operative financial institutions offering benefits to members through a trust-like structure" describes which type of Insurer/Fund Manager? - Answer- Friendly Society Which is the decision-making process of framing? - Answer- To remove the 'noise' from an issue to allow us to see the problem for what it is Under the RG271 what is the maximum timeframes for IDR response for a Superannuation trustee complaints? - Answer- 45 days after receiving the complaint In the se...

Personal Lines Insurance Practice Exam Questions and Answers Graded A+ 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 because i...

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 ...

Accident (Crash) - ANS Any person is killed or injured or damages the property of another to an extent of $500 or more is sustained. Traffic Accident - ANS a road vehicle accident in which (1) the un-stabilized situation originates on a trafficway or (2) a harmful event occurs on a trafficway Motor Vehicle Crash (MVC) - ANS crash involving a motor vehicle in transport, does not involve an aircraft or watercraft, and does not include any harmful event involving a railway train in t...

Civil Law : the body of law concerned with civil or private rights and remedies, as contrasted with criminal law which deals with wrongs against society. Tort : a private or civil wrong or injury, other than breach of contract, for which the court will provide a remedy in the form of an award for damages. Breach of Contract : is the failure, without legal excuse to perform any promise which forms the whole or part of the contract. Rule of Precedent : basic concept in common law in w...

Casualty Insurance Exam Latest 2024 Graded A+ Coverage that is triggered when a claim is first made against the insured, regardless of when the injury took place, is known as Coverage under the claims-made form According to the other insurance condition, which of the following are methods used to decide how the claim will be divided? Contribution by equal shares or contribution with limits Which of the following limits of liability in a commercial general liability policy is the mo...

A law is: a. a rule of civil conduct prescribed by the supreme power in a state. b. any act prohibited by the government or an omission of an act required by public law and made punishable by the government in a judicial proceeding brought by it. c. litigation where the injured party sues to recover compensation for the damages and injury sustained as a result of the defendant's wrongful conduct. d. rules and regulations of federal and state administrative agencies. ~~> a. a r...

TEXAS ALL LINES ADJUSTER EXAM BRAND NEW!! (QUESTIONS AND CORRECT ANSWERS) VERIFIED ANSWERS Subrogate Subrogation is the right for an insurer to legally pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim paid by the insurance carrier to the insured for the loss. - ANSWER While investigating a claim, you determine that the loss was caused by a defective mechanism...

What course of action does a party to a contract have if the other party is found to be in breach of that contract? - Answer-Damages for breach, reasonable attorney fees, and costs. A representation in an insurance contract qualifies as of the following? -an amendment -an expressed warranty -a policy provision -an implied warranty - Answer-implied warranty What does it mean if an agent's license is inactive? - Answer-the agent cannot transact any insurance business for which is valid, a...

Glycopyrrolate - Answer-- Induction and intubation medication - Can cause photosensitivity Craniotomy Treatment (triple H's) - Answer-- hemodilution - hypertension - hypervolemia (this forces constricted blood vessels to dilate and perfuse tissue) Transverse Colostomy - Answer-soft stool typical stool odor stool damages the skin empties several times per day may or may not be at risk for fluid/electrolytes imbalances may irrigate sigmoid colostomy - Answer-- formed stool ...