AIC 32 LIABILITY LATEST
CLAIMS PRACTICES
With respect to a duty to defend, claim representatives should consider
all of the following, - ANSWERS--- Whether the claimed event
triggered the duty to defend.
-- How to defend a lawsuit and not lose the right to deny coverage later.
-- The need to appoint separate counsel to the insured.
Incorrect. The likelihood
The advantages of paying nuisance claims include all of the following -
ANSWERS-Reduces legal costs of defending the claim
Reduces administrative costs of keeping the file open
Eliminates uncertainty of litigation from aberrant court awards
telemediation - ANSWERS-A low-cost alternative to face-to-face
mediation that allows the mediator to help the parties in dispute facilitate
a negotiation over the phone is
Exposure rule. - ANSWERS-Courts determining that only the policy in
force at the time that the person or property was subjected to the
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1
, AIC 32 LIABILITY LATEST
CLAIMS PRACTICES
damage-producing element must cover the claim is a description of the
exposure rule
gratuitous bailment - ANSWERS-This is a bailment for the sole benefit
of the bailor and the bailee (caretaker) receives no compensation.
Common Warranty defense - ANSWERS-warranty was fulfilled
just sales talk
disclaimers
assumption of risk
State of the art defense - ANSWERS-if a product was conformed to the
prevailing industry standards at the time it was designed or built, it
should not be considered defective even through industry standards
increased.
Judgment n.o.v. - ANSWERS-Judgment n.o.v. (notwithstanding the
verdict) is a motion that asks the judge to rule in favor of one party even
though the verdict favored the other party.
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PAGE
2
CLAIMS PRACTICES
With respect to a duty to defend, claim representatives should consider
all of the following, - ANSWERS--- Whether the claimed event
triggered the duty to defend.
-- How to defend a lawsuit and not lose the right to deny coverage later.
-- The need to appoint separate counsel to the insured.
Incorrect. The likelihood
The advantages of paying nuisance claims include all of the following -
ANSWERS-Reduces legal costs of defending the claim
Reduces administrative costs of keeping the file open
Eliminates uncertainty of litigation from aberrant court awards
telemediation - ANSWERS-A low-cost alternative to face-to-face
mediation that allows the mediator to help the parties in dispute facilitate
a negotiation over the phone is
Exposure rule. - ANSWERS-Courts determining that only the policy in
force at the time that the person or property was subjected to the
END OF
PAGE
1
, AIC 32 LIABILITY LATEST
CLAIMS PRACTICES
damage-producing element must cover the claim is a description of the
exposure rule
gratuitous bailment - ANSWERS-This is a bailment for the sole benefit
of the bailor and the bailee (caretaker) receives no compensation.
Common Warranty defense - ANSWERS-warranty was fulfilled
just sales talk
disclaimers
assumption of risk
State of the art defense - ANSWERS-if a product was conformed to the
prevailing industry standards at the time it was designed or built, it
should not be considered defective even through industry standards
increased.
Judgment n.o.v. - ANSWERS-Judgment n.o.v. (notwithstanding the
verdict) is a motion that asks the judge to rule in favor of one party even
though the verdict favored the other party.
END OF
PAGE
2
