Loma 311 module 1 Exam Answers 100% Verified 2024

Loma 311 module 1 Exam Answers 100% Verified 2024 Constitution - Answer- One of the primary sources of law. The other three are statutes, administrative regulations, and treaties and international agreements. A constitution is a document or group of documents that set out the fundamental principles that determine the powers and duties of the government and the rights of the people. -meant to be relatively permanent and a primary source of law Branches of Government - Answer- Legislative, Executive, Judicial legislative is responsible for an acting laws to govern the applicable jurisdiction executive consists of a system of administrative agencies that are responsible for administering, enforcing or caring out the jurisdictions laws. Judicial consists of a system of courts that are responsible for applying and interpreting the jurisdictions laws in for resolving disputes. Many countries promote alternative dispute resolution methods. ++++ administrative law looks at regulations Parliamentary Democracy - Answer- Other countries use this as the LEGISLATIVE branch of government and has ULTIMATE authority for making all the laws. Countries within the British Commonwealth, most European countries, India and Singapore are examples of this. generally the EXECUTIVE branch of government is led by a Prime Minister who has the political party and holds the majority of elected seats federal system - Answer- A Federal government and a number of lower level governments share governmental powers. For example the USA is a Federation of 50 states, the district of Columbia in several territories. in a federal system, the federal Constitution is the nations supreme law. typically each state also has a state constitution that serves as the states fundamental law. The state laws must be consistent with the federal Constitution Statutes - Answer- written laws enacted by legislatures. generally they declare, command, or prohibit something. These legislative enactments create the body of law known as statutory law Congress - Answer- The legislative branch of the federal government is referred to as Congress and the two houses are the Senate and the house of representatives U.S. Code - Answer- All of the federal statutes have been compiled as this State Codes - Answer- The laws enacted by a given state are known as the state code. State insurance code - Answer- A portion of each state code regulates the insurance industry within the state and is known as the state insurance code FIO (Federal Insurance Office) - Answer- And administrative office within the department of the treasury that monitors the insurance industry and represents the US and international insurance matters Department of Treasury - Answer- The federal agency that has primary responsibility for administering federal banking and tax laws SEC (Securities and Exchange Commission) - Answer- The federal agency that administers federal laws governing securities and investment industry DOJ - Answer- Department of Justice. The federal agency that is responsible for enforcing federal criminal laws, representing the US and federal cases, and providing legal advice to other federal officials and departments Insurance Department - Answer- A state administrative agency that is responsible for enforcing the state insurance code and making certain that insurers conducting business within the state comply with all state insurance laws The Office of the Secretary of State - Answer- A state agency that is responsible for licensing corporations and businesses Office of the Attorney General - Answer- A state agency that is authorized to enforce the states criminal laws, represent the state and all legal matters, and provide legal advice to the governor and other state administrative officials Treaty - Answer- He legally binding agreement entered into by two or more nations that agree to abide by the terms of the agreement. Also known as conventions or pacts political treaties establish military alliances, and wars, and subtle boundary disputes. Commercial treaties deal with trade and tariffs issues Case Law - Answer- the rules of law announced in court decisions Substantive law - Answer- They create, define, and regulate legal rights and duties. Examples are how a statute defines fraudulent misrepresentation or the punishment that a person convinced of insurance fraud may receive Procedural Law - Answer- Specify the rules and methods that courts use to enforce substantive laws. For example may require that a defendant answer a complaint within 30 days of being served with the complaint. Also provide a guideline of how cases proceed through a court system and specify the types of cases that each court has jurisdiction to hear Jurisdiction - Answer- Refers to the authority of a court to hear specific cases or in the event of overlapping authorities, the most appropriate forum to hear the case Trial courts - Answer- Also called courts of original jurisdiction because they are the courts that first hear disputes. ****Substantive laws are laws that create, define and regulate legal rights and duties. appellate court - Answer- These are authorized to review with the decisions of lower courts. Most states have two levels of appellate courts. The hig