AIC 32 - CHAPTER 1 - OVERVIEW OF A LIABILITY
CLAIMS QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) ||ALREADY
GRADED A+||NEWEST VERSION
QUESTIONS AND ANSWERS
Claimant. ANSWER - A party that makes a claim and that can be either a first-party
claimant or a 3rd party claimant.
3rd party claim. ANSWER - A demand against an insured by a person or organization
other than the insured or the insurer, seeking to recover damages that may be payable by
the insured'/ liability insurance.
Consent to settle clause. ANSWER - An insurance policy provision usually found only in
professional liability policies, that requires that the insurer to obtain consent from the
insured before settling a claim.
CGL Policy. ANSWER - Policy that combines coverage for personal injuries and
advertising injury.
Employment practices liability. ANSWER - Insurance that covers an organization, it's
directors and officers and it's employees against claims alleging damages because of
wrongful employment practices such as sexual harassment, wrongful termination, and
unlawful discrimination.
Civil Rights Act of 1964. ANSWER - Discrimination in employment because of race, color,
religion, sex or national origin or on the basis of pregnancy, childbirth, or related medical
conditions.
Equal Pay Act of 1963. ANSWER - Law prohibits differences in pay between women and
men for substantially the same work
CLAIMS QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) ||ALREADY
GRADED A+||NEWEST VERSION
QUESTIONS AND ANSWERS
Claimant. ANSWER - A party that makes a claim and that can be either a first-party
claimant or a 3rd party claimant.
3rd party claim. ANSWER - A demand against an insured by a person or organization
other than the insured or the insurer, seeking to recover damages that may be payable by
the insured'/ liability insurance.
Consent to settle clause. ANSWER - An insurance policy provision usually found only in
professional liability policies, that requires that the insurer to obtain consent from the
insured before settling a claim.
CGL Policy. ANSWER - Policy that combines coverage for personal injuries and
advertising injury.
Employment practices liability. ANSWER - Insurance that covers an organization, it's
directors and officers and it's employees against claims alleging damages because of
wrongful employment practices such as sexual harassment, wrongful termination, and
unlawful discrimination.
Civil Rights Act of 1964. ANSWER - Discrimination in employment because of race, color,
religion, sex or national origin or on the basis of pregnancy, childbirth, or related medical
conditions.
Equal Pay Act of 1963. ANSWER - Law prohibits differences in pay between women and
men for substantially the same work
