AIC 303 Exam – Accurate Answers To All Questions
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Terms in this set (50)
A consent-to-settle clause D. Professional liability
is generally found only in
which one of the following
types of policy?
A. Automotive liability
B. Premises liability
C. Products liability
D. Professional liability
Physical evidence that is C. Competent.
improperly handled or
stored might be challenged
in court because it is no
longer
A. Relevant.
B. Consequential.
C. Competent.
D. Material.
,LeeAnn, a claims D. Because an unfavorable court decision might then be
representative, is handling a applied to many other claims with less merit.
claim with unusual
coverage and liability
issues, and believes her
insurer would win if the
case were to go to trial.
She might wish to settle the
claim instead
A. To maintain goodwill
with the insured.
B. Because a case of that
type is not likely to occur
again.
C. Because courts will
generally favor the plaintiff.
D. Because an unfavorable
court decision might then
be applied to many other
claims with less merit.
All of the following A. Personal injury
exclusions are found in a
typical personal umbrella
policy, EXCEPT:
A. Personal injury
B. Aircraft liability
C. Professional liability
D. Nuclear energy
, Which one of the following B. Court decisions, statutes, and insurance regulations
statements is most may change from one year to the next and vary from
accurate? one state to another.
A. Court decisions, statutes,
and insurance regulations
tend to vary from year to
year but remain consistent
from state to state.
B. Court decisions, statutes,
and insurance regulations
may change from one year
to the next and vary from
one state to another.
C. Court decisions, statutes,
and insurance regulations
tend to remain consistent
from year to year and from
state to state.
D. Court decisions, statutes,
and insurance regulations
tend to remain consistent
from year to year but vary
from state to state.
The typical personal C. Defense costs.
umbrella policy includes
coverage for personal
injury liability, property
damage liability, and
A. Business pursuits.
B. Professional liability.
C. Defense costs.
D. Intentional injury.
Save
Terms in this set (50)
A consent-to-settle clause D. Professional liability
is generally found only in
which one of the following
types of policy?
A. Automotive liability
B. Premises liability
C. Products liability
D. Professional liability
Physical evidence that is C. Competent.
improperly handled or
stored might be challenged
in court because it is no
longer
A. Relevant.
B. Consequential.
C. Competent.
D. Material.
,LeeAnn, a claims D. Because an unfavorable court decision might then be
representative, is handling a applied to many other claims with less merit.
claim with unusual
coverage and liability
issues, and believes her
insurer would win if the
case were to go to trial.
She might wish to settle the
claim instead
A. To maintain goodwill
with the insured.
B. Because a case of that
type is not likely to occur
again.
C. Because courts will
generally favor the plaintiff.
D. Because an unfavorable
court decision might then
be applied to many other
claims with less merit.
All of the following A. Personal injury
exclusions are found in a
typical personal umbrella
policy, EXCEPT:
A. Personal injury
B. Aircraft liability
C. Professional liability
D. Nuclear energy
, Which one of the following B. Court decisions, statutes, and insurance regulations
statements is most may change from one year to the next and vary from
accurate? one state to another.
A. Court decisions, statutes,
and insurance regulations
tend to vary from year to
year but remain consistent
from state to state.
B. Court decisions, statutes,
and insurance regulations
may change from one year
to the next and vary from
one state to another.
C. Court decisions, statutes,
and insurance regulations
tend to remain consistent
from year to year and from
state to state.
D. Court decisions, statutes,
and insurance regulations
tend to remain consistent
from year to year but vary
from state to state.
The typical personal C. Defense costs.
umbrella policy includes
coverage for personal
injury liability, property
damage liability, and
A. Business pursuits.
B. Professional liability.
C. Defense costs.
D. Intentional injury.
