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CPCU 530 exam with correct answers
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CPCU 530 exam with correct answers
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CPCU 530 exam with correct answersDoctrine |of |stare |decisis |- |ANSWERS✔✔ |The |principle |that |lower |courts |must |follow |
precedents |set |by |higher |courts.
Equity |- |ANSWERS✔✔ |Fairness, |or |a |body |of |principles |constituting |what |is |fair |and |right.
Criminal |law |- |ANSWERS✔✔ |The |branch |of |the |law |that |imposes |penalties |for |wrongs |
against |society.
Civil |Law |- |ANSWERS✔✔ |A |classification |of |law |that |applies |to |legal |matters |not |governed |
by |criminal |law |and |that |protect |rights |and |provides |remedies |for |breaches |of |duties |owed |to |
others.
Substantive |Law |- |ANSWERS✔✔ |A |classification |of |law |that |creates, |defines, |and |regulates |
parties' |rights, |duties, |and |powers.
Procedural |Law |- |ANSWERS✔✔ |A |classification |of |law |that |prescribes |the |steps, |or |
processes, |for |enforcing |the |rights |and |duties |defined |by |substantive |law.
Equal |Protection |Clause |- |ANSWERS✔✔ |A |part |of |the |Fourteenth |Amendment |to |the |U.S. |
Constitution |prohibiting |state |laws |that |discriminate |unfairly |or |arbitrarily, |and |requiring |
equal |treatment |to |all |persons |under |the |like |circumstances |and |conditions.
National |Association |of |Insurance |Commissioners |NAIC |- |ANSWERS✔✔ |An |association |of |
insurance |commissioners |from |the |fifty |U.S. |states, |the |District |of |Columbia, |and |the |five |U.S. |
territories |and |possessions, |whose |purpose |is |to |coordinate |insurance |regulation |activities |
among |the |various |state |insurance |departments.
,Original |jurisdiction |- |ANSWERS✔✔ |The |power |of |a |court |in |which |cases |are |initiated |to |
hear |those |cases.
Diversity |jurisdiction |- |ANSWERS✔✔ |The |authority |of |federal |district |courts |to |hear |cases |
involving |parties |from |different |states |that |involve |amounts |in |controversy |over |a |legal |
minimum.
Writ |of |certiorari |- |ANSWERS✔✔ |An |appellate |court's |order |directing |a |lower |court |to |deliver
|its |record |in |a |case |for |appellate |review.
Conflicts |of |law |- |ANSWERS✔✔ |A |body |of |law |that |resolves |questions |when |states' |laws |
conflict.
Administrative |law |- |ANSWERS✔✔ |The |statutory |laws |that |grant |power |to |administrative |
agencies |to |act |and |the |body |of |law |that |is |created |by |administrative |agencies |themselves.
Allegation |- |ANSWERS✔✔ |A |claim |made |in |the |complaint |by |the |plaintiff, |specifying |what |
the |plaintiff |expects |to |prove |to |obtain |a |judgment |against |the |defendant.
Complaint |- |ANSWERS✔✔ |The |allegations |made |by |a |plaintiff |in |a |lawsuit.
Pleading |- |ANSWERS✔✔ |A |formal |written |statement |of |the |facts |and |claims |of |each |party |to |
a |lawsuit.
Cause |of |action |- |ANSWERS✔✔ |A |plaintiff's |legal |grounds |to |sue |a |defendant.
Answer |- |ANSWERS✔✔ |A |document |filed |in |court |by |a |defendant |responding |to |a |plaintiff's |
complaint |and |explaining |why |the |plaintiff |should |not |win |the |case.
Counterclaim |- |ANSWERS✔✔ |A |complain |brought |by |the |defendant |against |the |plaintiff.
,Motion |- |ANSWERS✔✔ |A |formal |request |for |the |court |to |take |a |particular |action.
Motion |to |dismiss |- |ANSWERS✔✔ |A |request |that |a |court |terminate |an |action |because |of |
settlement, |voluntary |withdrawal, |or |procedural |defect.
Motion |for |summary |judgment |- |ANSWERS✔✔ |A |pretrial |request |asking |the |court |to |enter |a |
judgment |when |no |material |facts |are |in |dispute.
Discovery |- |ANSWERS✔✔ |A |pretrial |exchange |of |all |relevant |information |between |the |
plaintiff |and |defendant.
Deposition |- |ANSWERS✔✔ |A |pretrial |discovery |tool |involving |oral |examination |of |a |witness |
to |produce |a |written |verbatim |record.
Interrogatories |- |ANSWERS✔✔ |Specific |written |questions |or |requests |raised |by |one |party |to |
a |lawsuit |that |the |opposing |party |must |answer |in |writing.
Subpoena |- |ANSWERS✔✔ |A |legal |order |to |a |witness |to |appear |at |a |certain |place |and |time |to |
testify |or |to |product |documents.
Direct |examination |- |ANSWERS✔✔ |Questioning |one's |own |witness |during |a |legal |
proceeding.
Cross-examination |- |ANSWERS✔✔ |Questioning |an |opposing |party |during |a |legal |
proceeding |to |bring |out |information |favorable |to |the |questioner's |own |position |or |to |
challenge |the |witness's |testimony.
Relevance |- |ANSWERS✔✔ |A |quality |of |evidence |that |suggests |the |evidence |is |more |or |less |
likely |to |be |true.
, Materiality |- |ANSWERS✔✔ |A |quality |of |evidence |that |tends |to |establish |a |particular |element
|of |the |claim |that |has |legal |significance.
Competence |- |ANSWERS✔✔ |A |quality |of |evidence |that |suggests |the |source |is |reliable |and |
the |evidence |is |adequate |to |justify |admission |in |court.
Hearsay |rule |- |ANSWERS✔✔ |The |rule |of |evidence |that |prevents |the |admission |of |out-of-
court |statements |not |made |under |oath |by |a |person |who |is |unavailable |to |testify.
General |verdict |- |ANSWERS✔✔ |A |kind |of |verdict |that |entails |a |complete |finding |and |a |single
|conclusion |by |a |jury |on |all |issues |presented.
Special |verdict |- |ANSWERS✔✔ |A |kind |of |verdict |reached |by |a |jury |that |makes |findings |of |
fact |by |answering |specific |questions |posed |by |the |judge. |The |judge |then |applies |the |law |to |the |
facts |as |the |jury |has |found |them.
Res |judicata |- |ANSWERS✔✔ |A |doctrine |that |bars |parties |to |a |lawsuit |on |which |final |
judgment |has |been |rendered |from |bringing |a |second |lawsuit |on |the |same |claim |or |on |related |
transactions.
Alternative |dispute |resolution |- |ADR |- |ANSWERS✔✔ |Procedures |to |help |settle |disputes |
without |litigation, |including |arbitration, |medication, |and |negotiation.
Mediation |- |ANSWERS✔✔ |An |alternative |dispute |resolution |(ADR) |method |by |which |
disputing |parties |use |a |neutral |outside |party |to |examine |the |issues |and |develop |a |mutually |
agreeable |settlement.
Legislative |rule |- |ANSWERS✔✔ |A |type |of |substantive |administration |agency |rule |that |comes |
from |a |statutory |delegation |of |authority |and |that |has |the |same |force |as |a |law |enacted |by |
Congress |or |a |legislature.
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