Texas Insurance License- QUIZ QUESTIONS and Answers 100% Correct

Texas Insurance License- QUIZ QUESTIONS and Answers 100% Correct This is an example of a(n) - ANSWER MORAL HAZARDS Henry's tires on his SUV are so worn that the steel belt is showing through the tread. The condition of the tires is known as - ANSWER PHYSICAL HAZARDS When a driver of an auto breaks the posted speed limit, the driver's liability imposed by the law is known as - ANSWER ABOSLUTE LIABILITY Under compensatory damages, medical expenses are an example of - ANSWER SPECIAL damages. Josh attends a hockey game. While at the game he is hit in the head by the hockey puck resulting in a broken cheek bone. Josh immediately sues the hockey team for damages. What might be the most logical defense for the hockey team? - ANSWER ASSUMPTION OF RISK The Smith family is planning to build a new house. They want the house to be constructed entirely of fire resistance materials. This construction type is an example of a - ANSWER FIRE RESISTIVE building. ________ contracts are written for a specified amount and they list the value of the insured property as agreed to by both the insured and the insurer at policy inception. - ANSWER Susie set fire to her house to collect the insurance. This is an example of a(n) MORAL HAZARDS Henry's tires on his SUV are so worn that the steel belt is showing through the tread. The condition of the tires is known as - ANSWER PHYSICAL HAZARDS When a driver of an auto breaks the posted speed limit, the driver's liability imposed by the law is known as - ANSWER ABOSLUTE LIABILITY Under compensatory damages, medical expenses are an example of - ANSWER SPECIAL damages. Josh attends a hockey game. While at the game he is hit in the head by the hockey puck resulting in a broken cheek bone. Josh immediately sues the hockey team for damages. What might be the most logical defense for the hockey team? - ANSWER ASSUMPTION OF RISK The Smith family is planning to build a new house. They want the house to be constructed entirely of fire resistance materials. This construction type is an example of a - ANSWER FIRE RESISTIVE building.