AIC 303 Quiz – Questions With Comprehensive
Solutions
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Terms in this set (53)
An occurrence as defined C. One accident involving injury to more than one
in the HO-3 policy may person. An occurrence is one accident, even if it
include involves injury to more than one person or damage to
A. Property damage more than one piece of property.
caused intentionally by an
insured who is 13 years old
or older.
B. More than one accident
with more than one injury.
C. One accident involving
injury to more than one
person.
D. A non-accidental event.
An unendorsed securities A. Selling life insurance products.An unendorsed
brokers professional securities brokers professional liability policy will insure
liability policy will insure the firm and registered representatives for claims
the firm and registered alleging negligence committed on the firm's behalf
representatives for claims while selling life insurance products.
alleging negligence
committed on the firm's
behalf in which one of the
following capacities?
A. Selling life insurance
products
B. Brokering mortgages
C. Selling property-
casualty insurance
products
D. Brokering real estate
,Which one of the following D. An umbrella liability policy will typically require the
statements about excess insured to pay a self-insured retention when claims arise
and umbrella liability that are not covered under any other primary insurance
insurance is the most policy.
accurate?
Select one:
A. Umbrella liability policies
may cover claims in excess
of either an aggregate limit
or a per occurrence limit,
but excess liability policies
will be either excess
aggregate or excess
occurrence, but not both.
B. The coverage under an
excess liability policy
includes defense costs but
the coverage under an
umbrella liability policy
treats defense costs as a
self-insured retention.
C. Excess liability insurance
must be purchased from
the same insurer that
provided the primary layer,
but umbrella insurance can
be purchased from any
insurance company.
D. An umbrella liability
policy will typically require
the insured to pay a self-
insured retention when
claims arise that are not
covered under any other
primary insurance policy.
,Lucy's property was D. Are liable only for their respective share of Lucy's
damaged by an accident damages.Under pure several liability, defendants are
caused by Valteri and Sara. liable only for their respective share of the damages.
Lucy lives in a state that
uses a system of pure
several liability. This means
that Valteri and Sara
Select one:
A. Are each liable up to the
total amount of Lucy's
damages.
B. Can be held separately
responsible for the entire
amount of Lucy's damages.
C. Will split the amount of
Lucy's damages evenly
among themselves.
D. Are liable only for their
respective share of Lucy's
damages.
Javiera leases a space in D. Javiera would be liable if she neglected to lock the
Osakri's parking garage to car.
park her car. Which one of Bailees are not strictly liable for everything that
the following best identifies happens to bailed property in their care.
the party liable for
vandalism to the inside of
Javiera's car?
Select one:
A. Osakri would be liable if
it is determined he did not
take great care of the car.
B. Javiera is liable because
she did not take normal
care of the car.
C. Osakri is liable because
bailees are strictly for
property in their care.
D. Javiera would be liable if
she neglected to lock the
car.
, Carolina throws a party for C. The event benefited Carolina. An employer may be
her employees, one of vicariously liable for injuries caused by an intoxicated
whom gets into an accident employee when an employee becomes intoxicated
on his way home and while participating in an event that benefits the
injures Gabriela. Gabriela's employer.
attorney will most likely try
to prove that Carolina is
vicariously liable for
Gabriela's injuries by
establishing that
Select one:
A. Carolina was a social
host.
B. Gabriela was visibly
intoxicated.
C. The event benefited
Carolina.
D. Carolina violated dram
shop laws.
Ida asks Oliver to keep her A. Slight care. In a bailment for the sole benefit of the
dog for a week while she bailor, the bailee owed the bailor a duty of slight care.
goes on vacation. In this
situation, with respect to
the dog, Oliver owes Ida a
duty of
Select one:
A. Slight care.
B. Great care.
C. Ordinary care.
D. No care.
Solutions
Save
Terms in this set (53)
An occurrence as defined C. One accident involving injury to more than one
in the HO-3 policy may person. An occurrence is one accident, even if it
include involves injury to more than one person or damage to
A. Property damage more than one piece of property.
caused intentionally by an
insured who is 13 years old
or older.
B. More than one accident
with more than one injury.
C. One accident involving
injury to more than one
person.
D. A non-accidental event.
An unendorsed securities A. Selling life insurance products.An unendorsed
brokers professional securities brokers professional liability policy will insure
liability policy will insure the firm and registered representatives for claims
the firm and registered alleging negligence committed on the firm's behalf
representatives for claims while selling life insurance products.
alleging negligence
committed on the firm's
behalf in which one of the
following capacities?
A. Selling life insurance
products
B. Brokering mortgages
C. Selling property-
casualty insurance
products
D. Brokering real estate
,Which one of the following D. An umbrella liability policy will typically require the
statements about excess insured to pay a self-insured retention when claims arise
and umbrella liability that are not covered under any other primary insurance
insurance is the most policy.
accurate?
Select one:
A. Umbrella liability policies
may cover claims in excess
of either an aggregate limit
or a per occurrence limit,
but excess liability policies
will be either excess
aggregate or excess
occurrence, but not both.
B. The coverage under an
excess liability policy
includes defense costs but
the coverage under an
umbrella liability policy
treats defense costs as a
self-insured retention.
C. Excess liability insurance
must be purchased from
the same insurer that
provided the primary layer,
but umbrella insurance can
be purchased from any
insurance company.
D. An umbrella liability
policy will typically require
the insured to pay a self-
insured retention when
claims arise that are not
covered under any other
primary insurance policy.
,Lucy's property was D. Are liable only for their respective share of Lucy's
damaged by an accident damages.Under pure several liability, defendants are
caused by Valteri and Sara. liable only for their respective share of the damages.
Lucy lives in a state that
uses a system of pure
several liability. This means
that Valteri and Sara
Select one:
A. Are each liable up to the
total amount of Lucy's
damages.
B. Can be held separately
responsible for the entire
amount of Lucy's damages.
C. Will split the amount of
Lucy's damages evenly
among themselves.
D. Are liable only for their
respective share of Lucy's
damages.
Javiera leases a space in D. Javiera would be liable if she neglected to lock the
Osakri's parking garage to car.
park her car. Which one of Bailees are not strictly liable for everything that
the following best identifies happens to bailed property in their care.
the party liable for
vandalism to the inside of
Javiera's car?
Select one:
A. Osakri would be liable if
it is determined he did not
take great care of the car.
B. Javiera is liable because
she did not take normal
care of the car.
C. Osakri is liable because
bailees are strictly for
property in their care.
D. Javiera would be liable if
she neglected to lock the
car.
, Carolina throws a party for C. The event benefited Carolina. An employer may be
her employees, one of vicariously liable for injuries caused by an intoxicated
whom gets into an accident employee when an employee becomes intoxicated
on his way home and while participating in an event that benefits the
injures Gabriela. Gabriela's employer.
attorney will most likely try
to prove that Carolina is
vicariously liable for
Gabriela's injuries by
establishing that
Select one:
A. Carolina was a social
host.
B. Gabriela was visibly
intoxicated.
C. The event benefited
Carolina.
D. Carolina violated dram
shop laws.
Ida asks Oliver to keep her A. Slight care. In a bailment for the sole benefit of the
dog for a week while she bailor, the bailee owed the bailor a duty of slight care.
goes on vacation. In this
situation, with respect to
the dog, Oliver owes Ida a
duty of
Select one:
A. Slight care.
B. Great care.
C. Ordinary care.
D. No care.
