Contributory negligence - Study guides, Class notes & Summaries

TEST FOR ADJUSTER PRO, FLORIDA STUDY(QUESTIONS AND ANSWERS)A+ GRADED EXAM 2023-2024 - CORRECT ANSWER-Subtract the deductible from covered damages to get indemnification - CORRECT ANSWER-6 unique characteristics of insurance policy 1 Contracts of adhesion (court ez win) 2 Utmost good faith 3 aleatory 4 personal 5 Unilateral (only insurer has obligation) 6 Conditional - CORRECT ANSWER-1945 regulate insurance Naic doesn't give benefits to comissioners 90 day to pay hijacking on...

Estate administration - ANS The process in which a decedent's personal representative settles the affairs of the decedent's estate (collects assets, pays debts and taxes, and distributes the remaining assets to heirs); the process is usually overseen by a probate court. inter vivos trust - ANS A trust created by the grantor (settlor) and effective during the grantor's lifetime—that is, a trust not established by a will. Assault - ANS Any word or action intended to make anothe...

Estate administration - ACCURATE ANSWERS The process in which a decedent's personal representative settles the affairs of the decedent's estate (collects assets, pays debts and taxes, and distributes the remaining assets to heirs); the process is usually overseen by a probate court. Inter vivos trust - ACCURATE ANSWERS A trust created by the grantor (settlor) and effective during the grantor's lifetime—that is, a trust not established by a will. Assault - ACCURATE ANSWERS Any wo...

The process where by a mutul insurer becomes a stock company is called - Answer Demutalization The process whereby a stock company a mutal insurer is called - Answer Mutalization The provision in a property policy which states that the insured has been paid up to their insurable interest is - Answer Valuation clause The part of the policy that states the amout of coverage the insured property policy period is - Answer Declaration Part of the policy that establishes limits...

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The document contains class notes and notes from the Van Dam book for each module. The case laws are complete and extensively analysed. The following topics are included: Week 1 - history and functioning of tort law Week 2 - structure of national systems, protection of interests Week 3 - liability based on “wrongs”; the requirement of “fault” Week 4 - damage, damages, & loss of a chance Week 5 - factual causation; multiple causes Week 6 - “legal causation”; con...

What is respondeat superior or vicarious liability? - ANSWER ☑☑it is when an employer is responsible for the actions of their employees. Both terms essentially mean the same thing. what is res ipsa loquitur? - ANSWER ☑☑it is when a physician acts negligently to lead to an accident. the thing speaks for itself Example is if a physician prescribes the wrong medication leading to injury or leaves a scalpel inside someone . What is contributory negligence? - ANSWER ☑☑it is...

The process where by a mutual insurer becomes a stock company is called - Demutualization The process whereby a stock company a mutual insurer is called - Mutualization The provision in a property policy which states that the insured has been paid up to their insurable interest is - Valuation clause The part of the policy that states the amount of coverage the insured property policy period is - Declaration Part of the policy that establishes limits upon the insurer and the insured with th...

Estate administration - Answer The process in which a decedent's personal representative settles the affairs of the decedent's estate (collects assets, pays debts and taxes, and distributes the remaining assets to heirs); the process is usually overseen by a probate court. inter vivos trust - Answer A trust created by the grantor (settlor) and effective during the grantor's lifetime—that is, a trust not established by a will. Assault - Answer Any word or action intended to ma...

The process where by a mutul insurer becomes a stock company is called - ANSWER Demutalization The process whereby a stock company a mutal insurer is called - ANSWER Mutalization The provision in a property policy which states that the insured has been paid up to their insurable interest is - ANSWER Valuation clause The part of the policy that states the amout of coverage the insured property policy period is - ANSWER Declaration Part of the policy that establishes limits upon the in...