Texas Insurance License Quiz | 150 Questions with 100% Correct Answers | Verified | Latest Update 2024

Susie set fire to her house to collect the insurance. This is an example of a(n) - MORAL HAZARDS Henry's tires on his SUV are so worn that the steel belt is showing through the tread. The condition of the tires is known as - PHYSICAL HAZARDS When a driver of an auto breaks the posted speed limit, the driver's liability imposed by the law is known as - ABOSLUTE LIABILITY Under compensatory damages, medical expenses are an example of - SPECIAL damages. Josh attends a hockey game. While at the game he is hit in the head by the hockey puck resulting in a broken cheek bone. Josh immediately sues the hockey team for damages. What might be the most logical defense for the hockey team? - ASSUMPTION OF RISK The Smith family is planning to build a new house. They want the house to be constructed entirely of fire resistance materials. This construction type is an example of a - FIRE RESISTIVE building.