AU 62 EXAM QUESTIONS AND
ANSWERS RATED 100%
CORRECT
statute of limitations - Answer-requires a plaintiff to file a lawsuit within a specific time
person after the action
compensatory damages - Answer-payment awarded by a court to reimburse a victim for
actual harm
punitive damages - Answer-payment awarded by court to punish! a defendant for a
reckless act to deter similar conduct in the future
special vs general damages - Answer-special- award for specific expenses associated
w loss aka medical expenses loss wages
general - compensate a victim for losses such as pain and suffering that is not
specifically measureable
vicarious liability - Answer-legal responsibility when one party is held liable for the
actions of an associate bc of the relationship between the parties ex. employer to
employee parent to child
alteranative liablity - Answer-not clear which party is at fault and each party must prove
they were not the ones who caused harm
how to assess punitive damages - Answer-court will consider the nature of the
defendants actions
injunction - Answer-ordered by the court to stop infringement of a copyright
how is legal liability imposed - Answer-by civil laws based on contracts and statutes
assumption of risk - Answer-when a person is injured after voluntarily accepting the risk
of harm
ex. seeing someone drink a lot then getting in a car with them
survival statutes - Answer-awarded in order to recover damages a person sustained
between the time of injuries and time of death
remeedies - Answer-equitable or legal
, tortfeasors capacity - Answer-someone has the capacity to form intent for a tortuous act
elemnets of a class action suit - Answer-commonality, numberosity, adequacy of
representation, typicality
negligent entrustment - Answer-act of leaving a dangerous article with a person who the
lender knows is likely to use it in a risky manner
negligence per se - Answer-violate a statutory standard, act is considered inherently
negligent bc of a violation of the law
excess uses what kind of policies - Answer-not standardized, manuscript bc they vary
binding arbitration - Answer-way to resolve disputes between parties are resolved
best way for UW to limit catastrophic loss potential - Answer-include an aggregate limit
in endorsement
what is in the rules section of the basic manual - Answer-specifics on pricing and
processing WC policies
good samaritan laws - Answer-state laws
licensee - Answer-person w expressed or implied permission to enter land
what can't you request for a physicians application - Answer-pracice history
gvw - Answer-max loaded weight for which the manu designed a single vehicle
how to determine limit for garage keepers coverage - Answer-max total value of the
vehicles normally stored at the location
payroll what is included - Answer-salaries commission overtime lodging
not gratuities or severance pay
gross sales includ - Answer-rentals goods sold operations performed
NO sales tax
expiring rating worksheet - Answer-used to price wc policy and verify info on an app
if underlying insurer cannot what does umbrella need to cover - Answer-defense of
claim
premium for pays damage is based on what - Answer-age group and original cost new
ANSWERS RATED 100%
CORRECT
statute of limitations - Answer-requires a plaintiff to file a lawsuit within a specific time
person after the action
compensatory damages - Answer-payment awarded by a court to reimburse a victim for
actual harm
punitive damages - Answer-payment awarded by court to punish! a defendant for a
reckless act to deter similar conduct in the future
special vs general damages - Answer-special- award for specific expenses associated
w loss aka medical expenses loss wages
general - compensate a victim for losses such as pain and suffering that is not
specifically measureable
vicarious liability - Answer-legal responsibility when one party is held liable for the
actions of an associate bc of the relationship between the parties ex. employer to
employee parent to child
alteranative liablity - Answer-not clear which party is at fault and each party must prove
they were not the ones who caused harm
how to assess punitive damages - Answer-court will consider the nature of the
defendants actions
injunction - Answer-ordered by the court to stop infringement of a copyright
how is legal liability imposed - Answer-by civil laws based on contracts and statutes
assumption of risk - Answer-when a person is injured after voluntarily accepting the risk
of harm
ex. seeing someone drink a lot then getting in a car with them
survival statutes - Answer-awarded in order to recover damages a person sustained
between the time of injuries and time of death
remeedies - Answer-equitable or legal
, tortfeasors capacity - Answer-someone has the capacity to form intent for a tortuous act
elemnets of a class action suit - Answer-commonality, numberosity, adequacy of
representation, typicality
negligent entrustment - Answer-act of leaving a dangerous article with a person who the
lender knows is likely to use it in a risky manner
negligence per se - Answer-violate a statutory standard, act is considered inherently
negligent bc of a violation of the law
excess uses what kind of policies - Answer-not standardized, manuscript bc they vary
binding arbitration - Answer-way to resolve disputes between parties are resolved
best way for UW to limit catastrophic loss potential - Answer-include an aggregate limit
in endorsement
what is in the rules section of the basic manual - Answer-specifics on pricing and
processing WC policies
good samaritan laws - Answer-state laws
licensee - Answer-person w expressed or implied permission to enter land
what can't you request for a physicians application - Answer-pracice history
gvw - Answer-max loaded weight for which the manu designed a single vehicle
how to determine limit for garage keepers coverage - Answer-max total value of the
vehicles normally stored at the location
payroll what is included - Answer-salaries commission overtime lodging
not gratuities or severance pay
gross sales includ - Answer-rentals goods sold operations performed
NO sales tax
expiring rating worksheet - Answer-used to price wc policy and verify info on an app
if underlying insurer cannot what does umbrella need to cover - Answer-defense of
claim
premium for pays damage is based on what - Answer-age group and original cost new
