Absolute liability Study guides, Class notes & Summaries

Texas Insurance License Exam Prep P&C Questions with 100% Correct Answers What are 3 subjects an auto policy covers? 1. Body 2. The vehicle 3. Assets Bodily Injury Types Personal Injury Med Pay Uninsured Motorist No Fault Insurance State stipulates that parties cannot file a claim to the other persons insurance policy unless required in excess. Instead, each party is required to file a primary claim against their own insurance regardless who is at fault. EX. Florida Finan...

Deontology - ANSWERSthe study of the nature of duty and obligation. Consequentialism - ANSWERSthe doctrine that the morality of an action is to be judged solely by its consequences. The ends justify the means Virtue - ANSWERSbehavior showing high moral standards. Relativism - ANSWERSthe doctrine that knowledge, truth, and morality exist in relation to culture, society, or historical context, and are not absolute. Which ethical concept is related to the right to use a person's or an ...

AINS 103 Questions and Answers Already Passed Which one of the following best describes real property? Select one: A. Property being shipped to or from others. B. Business personal property that includes furniture, machinery and equipment, and stock/inventory. C. Tangible property that includes land, structures permanently attached to the land, and whatever is growing on the land. D. Vehicles, merchandise, furniture, tools, and similar items. C. Tangible property that includes land...

FOUNDATIONS AND ADULT HEALTH NURSING 9TH EDITION COOPER GOOSNELL TEST BANK CHAPTER 1-41 | COMPLETE GUIDE A+ 2023-2024. Which of the following must the nurse recognize regarding the health care delivery system? a. It includes all states. b. It affects the illness of patients. c. Insurance companies are not involved. d. The major goal is to achieve optimal levels of health care. ANS: D The nurse must recognize that in the health care delivery system, the major goal is to achieve optimal lev...

Absolute Liability -:- Liability that arises from an extremely dangerous situation. Absolute liability is often found in cases involving explosives. Also known a s "strict" liability. For ex you are absolutely liable if you keep a wild animal as a pet. Accident -:- A sudden and unexpected event, occurring at a specific time and place. Actual Cash Value (ACV) -:- The cost to replace an item of property at the time of loss, less an allowance for depreciation. Often used to dete...

The most common manner in which to transfer risk in real estate property management is through the use of: A. indemnification agreements. B. insurance policies. C. hold harmless agreements. D. release of liability forms. CORRECT ANSWER B. In risk management, the most common and effective manner in to transfer risk is by the use of insurance policies. The property owner pays a premium, and the insurance company takes on the liability for the occurrence of the insured event. Which of the...

Abandonment - ANSWER the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability - ANSWER Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. Accident - ANSWER an unplanned, unforseen event which occurs suddenly and at a specific place Actual Cash Value - ANSW...

AINS 103 | (All Practice Questions from the Course) with 100 % correct answers | Verified& Updated 2024 | Already Passed Which one of the following best describes real property? Select one: A. Property being shipped to or from others. B. Business personal property that includes furniture, machinery and equipment, and stock/inventory. C. Tangible property that includes land, structures permanently attached to the land, and whatever is growing on the land. D. Vehicles, merchandise, furniture...

Absolute Liability correct answers Liability that arises from an extremely dangerous situation. Absolute liability is often found in cases involving explosives. Also known as "strict" liability. For ex you are absolutely liable if you keep a wild animal as a pet. Accident correct answers A sudden and unexpected event, occurring at a specific time and place. Actual Cash Value (ACV) correct answers The cost to replace an item of property at the time of loss, less an allowance for depreciat...

Abandonment Condition - ANSWERSA condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Absolute Liability - ANSWERSType of liability imposed by law on those participating in certain activities that are coered particularly hazardous; person may be held liabile even though they were not negligent. Accident - ANSWERSA loss that occurs at a specific time and place. ...