HCA 340 Final Exam Questions with Correct Answers Latest Update 2025-2026
A contract in which the insurer agrees to assume certain risks of the insured for consideration
is a(n) ___________. - Answers insurance policy
A policy that covers all claims that may arise out of a policy period is a ___________. - Answers
occurrence policy
A policy that covers only those claims made or reported during the policy year is a ___________. -
Answers claims-made policy
An insurance policy contains the elements of ___________. - Answers all of the above
A hospital can be found liable for the negligence of a nurse on the basis of (the/a) - Answers
respondeat superior
Insurance carriers in some states are prohibited from covering awards for - Answers punitive
damages
Insurers do not, as a rule, provide coverage for ___________. - Answers intentional torts
Insurance companies are required by the laws of the different states to issue only policies that
contain certain mandated provisions ___________. - Answers to maintain certain financial
reserves to guarantee to policyholders that their expectations will be met when coverage is
needed
The basic underlying concept of insurance is ___________. - Answers to spread the risk by writing
coverage for a large pool of individuals
A policy that provides for an uninterrupted extension of an insurance policy period is a(n)
___________. - Answers tail
Sexual assault does not constitute rendering professional services; ___________. - Answers
therefore, malpractice insurers are not required to indemnify the insured for liability resulting
from the sexual assault
A health care organization ___________. - Answers can require its medical staff to show evidence
of professional malpractice insurance
Insurance coverage for officers and directors of a corporation should include indemnification, to
the extent possible by law, for all liabilities and expenses including ___________.
Question 13 options: - Answers those that are not reasonably incurred as the result of any legal
proceeding stemming from and within the scope of his or her responsibilities
Malpractice insurance coverage is especially important for ___________. - Answers all health
professionals
A contract in which the insurer agrees to assume certain risks of the insured for consideration
is a(n) ___________. - Answers insurance policy
A policy that covers all claims that may arise out of a policy period is a ___________. - Answers
occurrence policy
A policy that covers only those claims made or reported during the policy year is a ___________. -
Answers claims-made policy
An insurance policy contains the elements of ___________. - Answers all of the above
A hospital can be found liable for the negligence of a nurse on the basis of (the/a) - Answers
respondeat superior
Insurance carriers in some states are prohibited from covering awards for - Answers punitive
damages
Insurers do not, as a rule, provide coverage for ___________. - Answers intentional torts
Insurance companies are required by the laws of the different states to issue only policies that
contain certain mandated provisions ___________. - Answers to maintain certain financial
reserves to guarantee to policyholders that their expectations will be met when coverage is
needed
The basic underlying concept of insurance is ___________. - Answers to spread the risk by writing
coverage for a large pool of individuals
A policy that provides for an uninterrupted extension of an insurance policy period is a(n)
___________. - Answers tail
Sexual assault does not constitute rendering professional services; ___________. - Answers
therefore, malpractice insurers are not required to indemnify the insured for liability resulting
from the sexual assault
A health care organization ___________. - Answers can require its medical staff to show evidence
of professional malpractice insurance
Insurance coverage for officers and directors of a corporation should include indemnification, to
the extent possible by law, for all liabilities and expenses including ___________.
Question 13 options: - Answers those that are not reasonably incurred as the result of any legal
proceeding stemming from and within the scope of his or her responsibilities
Malpractice insurance coverage is especially important for ___________. - Answers all health
professionals
