Compensatory damages Study guides, Class notes & Summaries

If a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period ? a. cancellation b. nonrenewal c. separation d. exclusion Nonrenewal Which is the best example of an indirect loss ? a. sequential loss b. liability loss c. employee theft d. loss of use Loss o...

CISR Commercial Casualty I Lesson Exam 48 Questions with Answers Legal Liability - CORRECT ANSWER A responsibility or obligation to others, which courts recognize and enforce. In general failure to meet this duty often results in the imposition of monetary damages. 3 Types of Legal Liability - CORRECT ANSWER Tort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability - CORRECT ANSWER Negligence, Intentional Torts, Strict Liability, Absolute Liability Name ...

Ohio Real Estate Exam test bank Questions with answers 2023May a consumer who has been harmed by a licensee acting under her license as a real estate salesperson or broker immediately file a claim for payment from the Real Estate Recovery Fund? CORRECT ANSWER: No, the consumer must file a lawsuit, get a final judgment, and attempt to collect A listing agreement in which the agent may possibly be in competition with the client to see who can sell the house first is an exclusive CORRECT A...

Loss exposure Any condition or situation that presents a possibility of loss, whether or not an actual loss occurs. Cause of loss (peril) The actual means by which property is damaged or destroyed. Property loss exposure A condition that presents the possibility that a person or an organization will sustain a loss resulting from damage (including destruction, taken, or loss of use) to property in which that person or organization has a financial interest. Real property (r...

Accumulated Depreciation - ANSWER-The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - ANSWER-A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion - ANSWER-One of the characteristics of an insurance contract. Means that one party (the insurer) sets the terms, and the other ...

NUR-631 Final Exam Study Guide 2023 (Questions With Complete Solutions Graded A+) fibers arise from nasal olfactory epithelium and form synapses with olfactory bulbs that transmit impulses to temporal lobe Hypoglossal nerve - ANSWER *XII* -stick out tongue -motor fibers to muscles of tongue and sensory impulse from tongue to brain -fibers arise from medulla and exit from skull and extend to tongue trigeminal nerve - ANSWER *V* -sensations of pain, touch, temperature, corneal reflex, clenc...

California property and casualty exam, Pool Questions & Answers. Verified. Rated A The process where by a mutul insurer becomes a stock company is called - Demutalization The process whereby a stock company a mutal insurer is called - Mutalization The provision in a property policy which states that the insured has been paid up to their insurable interest is - Valuation clause The part of the policy that states the amout of coverage the insured property policy period is - Declara...

Texas All Lines Adjuster 2023 QUESTIONS AND ANSWERS Insurance - CORRECT ANSWERS The transfer of risk. Insured - CORRECT ANSWERS 1ST party. Customer. Person covered by policy. Insurer - CORRECT ANSWERS 2ND party. Insurance company Adjuster - CORRECT ANSWERS Investigates/adjusts claims Licensing age requirement - CORRECT ANSWERS 18 NOT exempt for licensing - CORRECT ANSWERS MBA Expiration date o...

Chapter 03: The Alimentary Canal: Digestion and Absorption Stegeman: The Dental Hygienist’s Guide to Nutritional Care, 5th Edition MULTIPLE CHOICE 1. Each is a portion of the alimentary canal, except one. Which is the exception? a. Oral cavity b. Pharynx c. Larynx d. Esophagus e. Small intestine ANS: C The larynx is not a portion of the alimentary canal. This tubular structure is approximately 30-ft long and comprises all the body parts through which food passes. DIF...

Inception/Expiration Date correct answers an insurance policy covers the insured starting at 12:01am on the day on which coverage begins and expires at 12:01am on the expiration day of the policy. Occurrence Date correct answers Date of which the loss occurred Identification of parties involved correct answers The loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured person(s) and the names and addresses of any witnes...