Comparative negligence - Study guides, Class notes & Summaries

Which One Of The Following Is NOT A Possible Defense Against Negligence? A. Statue Of Limitations B. Doctrine Of Reasonable Expectation C. Intervening Cause D. Comparative Negligence - Doctrine Of Reasonable Expectation What Is A Hazard? - An Increase In The Possibility That A Loss Might Occur. The Purpose Of Insurance Is To____________ - Transfer Risk From A Person, Business Or Organization To An Insurance Company. The Type Of Insurance Company In Which The Policyholder Is Considered An...

AIC 301 4, 5, 6 Test Exam Questions Marking Scheme Proximate cause - Answer -A cause that, in a natural and continuous sequence unbroken by any new and independent cause, produces an event and without which the event would not have happened. Negligence - Answer -The failure to exercise the degree of care that a reasonable person in a similar situation would exercise to avoid harming others. Tort - Answer -A wrongful act or an omission, other than a crime or a breach of contract, that in...

Washington State Insurance Exam with Complete Solutions Apparent is the appearance or assumption of authority based on the actions, words, or deeds of the principal or because of circumstances the principal created. Mutual Company Owned by the policyowner and issue participating policies. Policy owners are entitled to dividends, which are a return of excess premiums and are therefore non-taxable. Dividends are not guaranteed. Sharing A method of dealing with risk for a group of in...

Which One Of The Following Is NOT A Possible Defense Against Negligence? A. Statue Of Limitations B. Doctrine Of Reasonable Expectation C. Intervening Cause D. Comparative Negligence CORRECT ANSWER Doctrine Of Reasonable Expectation What Is A Hazard? CORRECT ANSWER An Increase In The Possibility That A Loss Might Occur. The Purpose Of Insurance Is To____________ CORRECT ANSWER Transfer Risk From A Person, Business Or Organization To An Insurance Company. The Type Of Insurance Co...

Law of Large Numbers correct answers A statistical concept that describes how the average of a randomly selected large sample from a population is likely to be close to the average of the whole population Underwriting correct answers The process an insurance company uses to decide whether to accept or reject an application for a policy. Peril correct answers A cause of property losses.. Fire/Lightning, explosion, windstorm, hurricane Hazard correct answers A situation that poses a le...

CRIS Question and answers rated A+ When one party agrees to indemnify the other party for certain liabilities arising out of the performance of the contract. What is this called? - correct answer An indemnity, or hold harmless, agreement Who is typically the beneficiary of the hold harmless agreement? - correct answer the upstream party 3 categories of indemnity provisions - correct answer broad form, intermediate form, and comparative (or limited) form. How are the three indemnif...

Advance Directive : Written or verbal instructions created by the patient describing specific wishes about medical in the event they become incapacitated Case law : body of written opinions created by judges in federal and state appellate courses (judge law/common law) Civil Law : Tort law that deals with conduct considered unacceptable. Based on societal expectations. professional malpractice, negligence and assault and battery Common law : Law that is created through the decision ...

Liability Insurance PAP (Part A) - Pays all the sums and insured must legally pay as damage due to BI/PD caused by an accident and resulting from the ownership, maintenance or use of a covered auto. Coverage Part A through F of a PAP - A. Liability B. Medical Payments C. UM/UIM D. Physical Damage E. Insured Duties F. General Provisions Certificate of Insurance (COI) - A document that proves the existence of insurance coverage Occurrence - Something that continue to happen and may cause ...

Legal wrong - correct answer a violation of a person's legal rights, or a failure to perform a legal duty owed to a certain person or to society as a whole types of legal wrong - correct answer crime, breach of contract, tort Tort - correct answer a legal wrong for which the court allows a remedy in the form of monetary damages Plaintiff - correct answer the person who is injured Tortfeasor - correct answer the alleged wrongdoer three categories of tort - correct answer intention...

"Reasonable person" standard of care - Represents how persons in the relevant community ought to behave; a theoretical concept It describes a hypothetical person who acts in a reasonable manner under the circumstances. Perfection is not required but errors in judgment must be reasonable or excusable under circumstances, or negligence will be found 3 types of liability - 1. Design Defect 2. Inadequate Warning 3. Manufacturing Defect 51% Rule for contributory negligence - The plaintiff mu...