NJ Casualty Test Questions and Correct Answers (Verified by Expert)
when the courts usually resolve any ambiguity in policy wording in favor of the insured this is because what? Doctrine of reasonable expectations Doctrine of Reasonable Expectations States: that a policy includes coverages that an average person would reasonably expect it to include, regardless of what the policy actually provides. Which is not an agent's responsibility to the insured? Settling and paying claims A women slips and falls on icy steps and breaks her leg. What may be a peril in this situation ? The fall peril cause of loss Part of the policy that can void the policy if they are breached, weather the breach was intended or not? Warranties An insured's attempt to mitigate risk ? Reduction Type of Insurance the government may step in to provide that is not ordinarily available for private insurers? Residual Market One party of the contract has greater power over the other
Información del documento
- Subido en
- 9 de agosto de 2023
- Número de páginas
- 3
- Escrito en
- 2023/2024
- Tipo
- Examen
- Contiene
- Preguntas y respuestas
