Liability Study guides, Class notes & Summaries

How much time does a person who was a party to a hearing have to appeal the order by the Superintendent? - correct answer 30 days As a prerequisite to maintaining a license, licensees must complete a continuing education requirement every: - correct answer 2 years If Jerry's insurance producer's license expires, how much time does he have to be reinstated without retaking the Maine insurance licensing examination? - correct answer 2 years What is the maximum life insurance death...

LPL4804 Assignment 1 (COMPLETE ANSWERS) Semester 1 2024 - DUE 8 March 2024 ..... 100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . QUESTION 1 1.1. Discuss the liability of the registrar and the state for loss or damage suffered due to faulty information in the South African deeds register and explain how this relates to the positive and/or negative South African land registration system. (6) 1.2. Explain to a...

Coverage that is triggered when a claim is first made against the insured, regardless of when the injury took place, is known as - Answer- Coverage under the claims-made form According to the other insurance condition, which of the following are methods used to decide how the claim will be divided? - Answer- Contribution by equal shares or contribution with limits Which of the following limits of liability in a commercial general liability policy is the most that will be paid for coverage ...

NCCT Practice Actual Test 2024 Questions with 100% Correct Answers | Updated | Download to score A+1. Right and Wrong conduct is known as ANS ethics 2. The most common type of medical tort liability is ANS negligence 3. A person being sued is called the ANS defendant 4. The withdrawal of a physician from the care of a patient without reasonable notice of such discharge from the case by the patient is ANS abandonment 5. An unlawful threat or attempt to do bodily injury to another is ANS ...

C. Insurance helps reduce the financial burden to society by compensating accident victims. correct answers Which one of the following statements is correct regarding the benefits provided by insurance? A. Insurance reduces the financial consequences of loss exposures but not the related uncertainty. B. The reduction in losses paid by insurers due to risk control measures benefits individual insureds but not society as a whole. C. Insurance helps reduce the financial burden to society by co...

Pearson VUE: Property Insurance Certification Exam (2024) || All Questions & Solutions (Rated A+) Pearson VUE: Property Insurance Certification Exam (2024) || All Questions & Solutions (Rated A+) S is purchasing a Commercial Property policy to cover a commercial building with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of th...

OPOTA Corrections SPO's 2021 Update 1.1 SPO #1 Relationship between a SPO and a test question - correct answer A test question must respond directly to an SPO and every SPO may be the basis of a test question 1.1 SPO #2 Reasons for Corrections Training - correct answer Mandated by State Law To acquire new knowledge and skills To reduce errors and mistakes in performing critical tasks while protecting the public To standardize procedures To increase efficiency To build confidence and mo...

Fact the confirmation or validation of an event or object. Data raw facts that describe the characteristics of an event or object. EX. order date, amount sold, quantity ordered, customer number,price Information data converted into a meaningful and useful context. data that's processed to yield value. EX. best selling product ,best customer, worst selling,worse customer Variable a data that changes over time ex. price and quantity ordered can vary. Business i...

Dram Shop Liability refers to: - Liquor Law Liability. The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy? - Neglect. To be eligible for the New York assigned risk auto plan a person must: - Hold a valid driver's license. Any insurance adjuster whose license has been revoked for cause will not be entitled ...

What course of action does a party to a contract have if the other party is found to be in breach of that contract? - Answer-Damages for breach, reasonable attorney fees, and costs. A representation in an insurance contract qualifies as of the following? - Answer-implied warranty What does it mean if an agent's license is inactive? - Answer-the agent cannot transact any insurance business for which is valid, active license is required In the State of CA, no rate will remain in effect if it...