Punitive damages - Study guides, Class notes & Summaries

ServSafe Alcohol Exam Questions and Answers 2023 ( A+ GRADED 100% VERIFIED) LATEST SOLUTION T/F You may be charged with a crime simply for serving a guest who appears to be intoxicated. - ANS True T/F It is illegal to serve alcohol to a pregnant woman. - ANS False T/F Dram shop laws protect the server from being sued in the event that an intoxicated guest injures another individual. - ANS False T/F The state liquor authority can suspend an establishment's liquor license fo...

NC adjuster Exam Questions and Answers Already Passed Inception/Expiration Date The date on which coverage became effective or expired. Policies in North Carolina become effective and expire at 12:01am Occurrence Date The date on which the loss occurred Identification of Parties involve The loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured person(s) and the names and addresses of any witness(s) Policy form /Number Id...

ADJUSTER PRO EXAM WITH REVISED ANSWERS (2023) Stu has a collection of rare comic books. He wants to purchase theft insurance for his collection, separate from his home and other property. What term most accurately describes the type of policy Stu would purchase? - CORRECT ANSWER-Monoline Policy Which of the following statements does NOT apply to the Standard Fire Policy? - CORRECT ANSWER-It automatically covers wind and vandalism. Which of the following refers to being restored to the ...

Auto Adjuster Exam 17-66 Questions and Answers Proven 100% Which of the following would not be considered a "first party" coverage under the personal auto policy? - Liability Liability is considered to be "third party coverage." The other coverages pay the insured (the first party) under the policy. Which of the following would be considered "special damages?" - Medical expenses There are two types of damages for bodily injury claims - special damages and general damages. Spe...

N.C. Claims Adjuster Exam Latest 2023 Rated A+ Inception/Expiration Date an insurance policy covers the insured starting at 12:01am on the day on which coverage begins and expires at 12:01am on the expiration day of the policy. Occurrence Date Date of which the loss occurred Identification of parties involved The loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured person(s) and the names and addresses of any witness(s)....

Punitive damages are intended to do all of the following EXCEPT 1. compensate for actual financial losses. 2. discourage others from doing wrong. 3. discipline the insured. 4. make an example of bad behavior. - ANSWER compensate for actual financial losses When an insured selects symbol 2 on the automobile declarations, indicating coverage for any auto titled to the insured, which of the following automobile types will be covered? 1. any auto 2. mobile equipment 3. owned ...

Property loss exposure ️ A condition that presents the possibility that a person or an organization will sustain a loss resulting from damage (including destruction, taking, or loss of use) to property in which that person or organization has a financial interest. Real property (realty) ️ Tangible property consisting of land, all structures permanently attached to the land, and whatever is growing on the land. Personal property ️ All tangible or intangible property that is not real ...

If a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period ? a. cancellation b. nonrenewal c. separation d. exclusion Nonrenewal Which is the best example of an indirect loss ? a. sequential loss b. liability loss c. employee theft d. loss of use Loss o...

CISR Commercial Casualty I Lesson Exam 48 Questions with Answers Legal Liability - CORRECT ANSWER A responsibility or obligation to others, which courts recognize and enforce. In general failure to meet this duty often results in the imposition of monetary damages. 3 Types of Legal Liability - CORRECT ANSWER Tort Liability, Statutory Liability, Contractual Liability 4 Types of Tort Liability - CORRECT ANSWER Negligence, Intentional Torts, Strict Liability, Absolute Liability Name ...

CSR Professional Practice Exam 100% SOLUTION 2023//2024 How long must the reporter store notes in a criminal case? - ANSWER 10 years How much extra can be charged for a daily transcript? - ANSWER 50% A controversy already judicially decided - ANSWER res judicata An agreement between two or more parties to do an illegal act - ANSWER Collusion Breach of contract and torts - ANSWER Civil law includes Book of Approved Jury Instructions - ANSWER BAJI Deposition transcripts are held for the...