AIC 303 SUCCSSSFULLY EVALUATIONG CLAIMS (2025)
VERIFIED 100% CORRECT.
Consent to settle clause Answer - An insurance policy provision, usually found
only in professional liability policies, that requires the insurer to obtain consent
from the insured before settling a claim.
Statement Answer - A written or recorded account or declaration of the
pertinent facts and circumstances of an accident given by someone directly
involved in or a witness to the accident.
Internet of Things (IoT) Answer - A network of objects that transmit data to
computers
Premises liability Answer - The exposure to liability for bodily injury or
property damage due to the ownership, occupancy, or use of the premises.
Attractive nuisance Answer - A dangerous object or condition so captivating to
young children that it entices them onto another's property.
Licensee Answer - A person who has permission to enter onto another's
property for his or her own purposes.
Public invitee Answer - A person invited to enter onto premises as a member
of the general public for a purpose for which the land is open to the public.
, Business invitee Answer - An individual who has express or implied permission
to be on the premises of another for the purpose of doing business.
Actual notice Answer - Information that has been directly given to someone.
Constructive notice Answer - Knowledge that a person is assumed by law to
have because that knowledge could be gained by reasonable observation or
inspection.
Negligence per se Answer - An act that is considered inherently negligent
because of a violation of a law or an ordinance.
Proximate cause Answer - a cause that, in a natural and continuous sequence
unbroken by any new and independent cause, produces n event and without
which the event would not have happened.
Medical payments coverage Answer - Coverage that pays necessary medical
expenses incurred within a specified period by a claimant (and in certain
policies, by an insured) for a covered injury, regardless of whether the insured
was at fault.
Premises security liability Answer - The civil liability of property owners for the
foreseeable criminal acts of third parties.
Products liability Answer - A manufacturer's or seller's liability for harm
suffered by a buyer, user, or bystander as a result of a product that has a
dangerous manufacturing defect or design defect or that is not accompanied
by a warning of an inherent hidden danger.
VERIFIED 100% CORRECT.
Consent to settle clause Answer - An insurance policy provision, usually found
only in professional liability policies, that requires the insurer to obtain consent
from the insured before settling a claim.
Statement Answer - A written or recorded account or declaration of the
pertinent facts and circumstances of an accident given by someone directly
involved in or a witness to the accident.
Internet of Things (IoT) Answer - A network of objects that transmit data to
computers
Premises liability Answer - The exposure to liability for bodily injury or
property damage due to the ownership, occupancy, or use of the premises.
Attractive nuisance Answer - A dangerous object or condition so captivating to
young children that it entices them onto another's property.
Licensee Answer - A person who has permission to enter onto another's
property for his or her own purposes.
Public invitee Answer - A person invited to enter onto premises as a member
of the general public for a purpose for which the land is open to the public.
, Business invitee Answer - An individual who has express or implied permission
to be on the premises of another for the purpose of doing business.
Actual notice Answer - Information that has been directly given to someone.
Constructive notice Answer - Knowledge that a person is assumed by law to
have because that knowledge could be gained by reasonable observation or
inspection.
Negligence per se Answer - An act that is considered inherently negligent
because of a violation of a law or an ordinance.
Proximate cause Answer - a cause that, in a natural and continuous sequence
unbroken by any new and independent cause, produces n event and without
which the event would not have happened.
Medical payments coverage Answer - Coverage that pays necessary medical
expenses incurred within a specified period by a claimant (and in certain
policies, by an insured) for a covered injury, regardless of whether the insured
was at fault.
Premises security liability Answer - The civil liability of property owners for the
foreseeable criminal acts of third parties.
Products liability Answer - A manufacturer's or seller's liability for harm
suffered by a buyer, user, or bystander as a result of a product that has a
dangerous manufacturing defect or design defect or that is not accompanied
by a warning of an inherent hidden danger.
