Indemnify Study guides, Class notes & Summaries
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![LPL4802 EXAM PACK 2023.](/docpics/2900217/6489ebc8ea04f_2900217_121_171.jpeg)
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LPL4802 EXAM PACK 2023.
- Exam (elaborations) • 73 pages • 2023
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LPL4802 EXAM 
PACK 2023. 100% TRUSTECHAPTER 1: 
Definition, nature and scope of the law of damages 
Definition: 
The law of damage is that part of the law which indicates how the 
existence and extent of damage, as well as the proper amount of 
damages are to be determined in the case of delict, breach of contract 
and other legal principles providing for the payment of damages. 
Nature and scope 
The law of damages should be defined as constituting of principles 
regarding the compensation of ...
![MI Life Insurance Exam FX snapshot Q & A With Complete Solutions](/docpics/3471670/650b497937174_3471670_121_171.jpeg)
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MI Life Insurance Exam FX snapshot Q & A With Complete Solutions
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What is insurance? correct answer: Insurance transfers the risk of loss from an individual or business entity to an insurance company, which in turn spreads the costs of unexpected losses to many individuals. 
 
What is risk? correct answer: Risk is the uncertainty or chance of a loss occurring. 
 
What is peril? correct answer: Perils are the causes of loss insured against in an insurance policy. 
 
What are the elements of insurable risk? correct answer: Loss must be 
1. due to chance 
2....
![Pharma school ICH GCP Questions with correct answers](/docpics/640d3fc35ea9d_2462771.jpg)
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Pharma school ICH GCP Questions with correct answers
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According to ICH GCP what are the absolute minimum requirements for essential documents at site before IMP can be sent to the site? 
 
a. CV of investigator and Clinical Trial Authorization (CTA) 
b. Ethics Committee Approval and signed protocol 
c. CTA and Ethics Committee Approval 
d. CTA, Ethics Committee Approval and signed protocol CORRECT ANSWER c. CTA and Ethics Committee Approval 
 
What C is missing from this statement in ICH GCP: The sponsor should provide insurance or should indemnify...
![Louisiana Life, Health, and Accident Insurance Licensing Exam questions and 100% correct answers](/docpics/3086874/64b6e80d1624a_3086874_121_171.jpeg)
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Louisiana Life, Health, and Accident Insurance Licensing Exam questions and 100% correct answers
- Exam (elaborations) • 27 pages • 2023
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Insurance - correct answer the transfer of Pure risk to the insurance company in consideration for a premium 
 
must be pure risk and calculable. 
 
Pure Risk - correct answer the chance of loss without any chance of gain; insurable 
 
Speculative Risk - correct answer possibility for gain or loss; not insurable 
 
Risk - correct answer Chance of loss 
 
Exposure - correct answer a condition that could result in loss 
 
hazard - correct answer something that increases the chance of loss 
 ...
![Insurance adjuster exam questions Test bank Final 2023.](/docpics/2759771/6464629fe2bc6_2759771_121_171.jpeg)
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Insurance adjuster exam questions Test bank Final 2023.
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Insurance adjuster exam questions Test bank Final 2023. 
During a storm, heavy winds cause a tree limb to break and fall onto Paul's house, causing $6,500 in damage. Paul's insurance company now considers his house: - ANSWER A Loss 
 
Which of the following best describes a "risk," according to the insurance definition? - ANSWER A potential for financial loss 
 
A lion at a zoo escaped when a zoo employee failed to follow protocol. The lion injured a zoo patron. In court, the injured patron...
![Commercial Lines 101 CE Questions and Answers 2024](/docpics/5297353/664354b5ee32e_5297353_121_171.jpeg)
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Commercial Lines 101 CE Questions and Answers 2024
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Commercial Lines 101 CE Questions and 
Answers 2024 
Insurer - Answer -The insurance company 
Named Insured/Insured - Answer -The policyholder 
Financial Definition of Insurance - Answer -A financial agreement involving the redistribution of financial 
losses 
Legal Definition of Insurance - Answer -A contractual agreement in which one party (the insurer) agrees 
to compensate or indemnify another party (the insured) for fortuitous losses 
Loss Pooling - Answer -the sharing of total losses susta...
![CIR- FINAL EXAM, NM ADJUSTER EXAM, CONTINUED PRACTICE EXAM, PROPERTY CASUALTY, CIR- FINAL EXAM, NM ADJUSTERS REVIEW, NY PRACTICE EXAM W/FEEDBACK, PRACTICE EXAM #3, CIR- FINAL EXAM, INSURANCE ADJUSTER EXAM QUESTIONS , NY PRACTICE EXAM|GUARANTEE PASS|2023-2](/docpics/640a64811f08f_2455513.jpg)
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CIR- FINAL EXAM, NM ADJUSTER EXAM, CONTINUED PRACTICE EXAM, PROPERTY CASUALTY, CIR- FINAL EXAM, NM ADJUSTERS REVIEW, NY PRACTICE EXAM W/FEEDBACK, PRACTICE EXAM #3, CIR- FINAL EXAM, INSURANCE ADJUSTER EXAM QUESTIONS , NY PRACTICE EXAM|GUARANTEE PASS|2023-2
- Exam (elaborations) • 212 pages • 2023
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CIR- FINAL EXAM, NM ADJUSTER EXAM, CONTINUED PRACTICE EXAM, PROPERTY CASUALTY, CIR- FINAL EXAM, NM ADJUSTERS REVIEW, NY PRACTICE EXAM W/FEEDBACK, PRACTICE EXAM #3, CIR- FINAL EXAM, INSURANCE ADJUSTER EXAM QUESTIONS , NY PRACTICE EXAM|GUARANTEE PASS|2023-2024|+1260 Q&A 
Dragonfly Landscapers has one landscaper and one bookkeeper. The landscaper makes $25/hr, and the bookkeeper makes $15/hr. The landscaper worked 20 hours in 2014, so he made $500. The bookkeeper also worked 20 hours, so she made $...
![ADJUSTER PRO EXAM WITH REVISED ANSWERS (2023)](/docpics/6410eb1d8b144_2472735.jpg)
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ADJUSTER PRO EXAM WITH REVISED ANSWERS (2023)
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ADJUSTER PRO EXAM WITH REVISED 
ANSWERS (2023) 
Stu has a collection of rare comic books. He wants to purchase theft insurance for his 
collection, separate from his home and other property. What term most accurately 
describes the type of policy Stu would purchase? - CORRECT ANSWER-Monoline 
Policy 
Which of the following statements does NOT apply to the Standard Fire Policy? - 
CORRECT ANSWER-It automatically covers wind and vandalism. 
Which of the following refers to being restored to the ...
![Practice Exam for CAIB 1 Latest 2023 latest update with complete solution](/docpics/63e65f7d3e219_2357438.jpg)
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Practice Exam for CAIB 1 Latest 2023 latest update with complete solution
- Exam (elaborations) • 7 pages • 2023
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Practice Exam for CAIB 1 Latest 2023 latest update with complete solution 
1.	Insurers are in the business of assuming the financial risks of others which involves entering into a formal contract. A contract is enforceable at law only when all legal elements have been observed. Insurance contracts differ from other formal agreements and are subject to what three additional elements?: Insurable Interest 
Utmost Good Faith Indemnity 
2.	Explain the meaning and disadvantage of the following approac...
![CRIS Exam #2 questions and 100% correct answers](/docpics/3128695/64bffc140c19d_3128695_121_171.jpeg)
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CRIS Exam #2 questions and 100% correct answers
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. Section I of Ollie's commercial general liability policy includes three coverage parts. Which one of the following is not one of these three parts? - correct answer comprehensive and collision 
 
Marvelous Mansions, a luxury home builder, is insured under a commercial general liability policy. As a result, Marvelous has coverage for: - correct answer Damages awarded to a third party because of injury or damage for which Marvelous Mansions is legally responsible, as well as defense costs ass...
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