Cpcu 530 test Study guides, Class notes & Summaries

Doctrine of Stare Decisis "To stand on decided" -lower courts must follow precedents set by higher courts Equity What is right or fair Difference between common and civil law Common-derived from court decisions Civil- rely on scholarly interpretation of codes and constitutions NAIC National association of insurance commissioners -coordinate insurance regulation activities 50 states 5 us territories Original Jurisdiction The power of the court in which Cases are initiated to ...

CPCU 530 TEST QUESTIONS WITH COMPLETE SOLUTIONS Doctrine of stare decisis - ANSWER- The principle that lower courts must follow precedents set by higher courts. Equity - ANSWER- Fairness, or a body of principles constituting what is fair and right. Criminal law - ANSWER- The branch of the law that imposes penalties for wrongs against society. Civil Law - ANSWER- A classification of law that applies to legal matters not governed by criminal law and that protect rights and provides rem...

CPCU 530 Test questions

CPCU 530 Test questions

CPCU 530 Test questions

CPCU 530 Practice Test Questions with Correct Answers Which one of the following is the primary way that formal mediation differs from a pretrial settlement conference? - Answer-Formal mediation requires the parties to submit their dispute to an agreed-upon outside mediator, but the parties do not necessarily select who will conduct a pretrial settlement conference. (Incorrect. Though mediators, formal and informal, are often judges, formal mediation involves seeking the assistance of a neut...

True - -If the jurisdiction of the federal courts is based on diversity of citizenship, the subject matter of the dispute may be which state's law applies Judical Branch - -is charged with deciding if another branch of government has the power to enact a new law Complaint - -This must include a requested remedy Rulemaking function of administrative agencys - -A public hearing is required if request by a government agency or 25 interested individuals Investigative Function of administrati...

CPCU 530 Test questions

CPCU 530 Practice Test Questions with Correct Answers Which one of the following is the primary way that formal mediation differs from a pretrial settlement conference? - Answer-Formal mediation requires the parties to submit their dispute to an agreed-upon outside mediator, but the parties do not necessarily select who will conduct a pretrial settlement conference. (Incorrect. Though mediators, formal and informal, are often judges, formal mediation involves seeking the assistance of a neutral...

CPCU 530 Practice Test Questions with Correct Answers Which one of the following is the primary way that formal mediation differs from a pretrial settlement conference? - Answer-Formal mediation requires the parties to submit their dispute to an agreed-upon outside mediator, but the parties do not necessarily select who will conduct a pretrial settlement conference. (Incorrect. Though mediators, formal and informal, are often judges, formal mediation involves seeking the assistance of ...