Property and Casualty Chapter 4 Exam
with Correct Answers
There are four elements necessary to prove a case of negligence: Duty, _____,
Proximate Cause and ____. - Answer- Breach of Duty and Damages
____ Damages are those payments made to The Other Guy designed to restore them,
as much as possible, to their pre-injury status. - Answer- Compensatory
____ Damages are designed to punish the wrongdoer for their evil acts. - Answer-
Punitive
Legal Defenses against a law suit filed by The Other Guy would include Comparative
Fault, Assumption of Risk, and _____. - Answer- Contributory Negligence
States set time limits for injured parties to sue defendants that are called the _____. -
Answer- Statute of Limitations
The fact that an employer can be held responsible for the negligent acts of his/her
employees during the course of their employment is called _____. - Answer- Vicarious
Liability
The Medical Payments section of a liability policy can pay medical benefits to an injured
person without regard to fault. - Answer- Medical Payments
____ can pay benefits for doctors, dentists, hospitals, or even funeral homes but not for
___ or _____. - Answer- Med Pay, lost wages or pain and suffering
All liability policies have ______ that pay for expenses, such as Defense Costs
(Lawyers, etc) and Appeal Bonds. - Answer- Supplemental Payments
Supplemental Payments are paid by the insurance company _____ the stated policy
limits. - Answer- In addition to
in addition to _____ policies are designed to pay claims that exceed the limits of the
primary liability policies. - Answer- Umbrella
with Correct Answers
There are four elements necessary to prove a case of negligence: Duty, _____,
Proximate Cause and ____. - Answer- Breach of Duty and Damages
____ Damages are those payments made to The Other Guy designed to restore them,
as much as possible, to their pre-injury status. - Answer- Compensatory
____ Damages are designed to punish the wrongdoer for their evil acts. - Answer-
Punitive
Legal Defenses against a law suit filed by The Other Guy would include Comparative
Fault, Assumption of Risk, and _____. - Answer- Contributory Negligence
States set time limits for injured parties to sue defendants that are called the _____. -
Answer- Statute of Limitations
The fact that an employer can be held responsible for the negligent acts of his/her
employees during the course of their employment is called _____. - Answer- Vicarious
Liability
The Medical Payments section of a liability policy can pay medical benefits to an injured
person without regard to fault. - Answer- Medical Payments
____ can pay benefits for doctors, dentists, hospitals, or even funeral homes but not for
___ or _____. - Answer- Med Pay, lost wages or pain and suffering
All liability policies have ______ that pay for expenses, such as Defense Costs
(Lawyers, etc) and Appeal Bonds. - Answer- Supplemental Payments
Supplemental Payments are paid by the insurance company _____ the stated policy
limits. - Answer- In addition to
in addition to _____ policies are designed to pay claims that exceed the limits of the
primary liability policies. - Answer- Umbrella
