Compensatory damages Study guides, Class notes & Summaries

Inception/Expiration Date correct answers 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 correct answers Date of which the loss occurred Identification of parties involved correct answers 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 witnes...

Which of the following is correct regarding compensatory damages ? CORRECT ANSWER-compensatory damages pay a victim for his loss which of the following if any is correct regarding punitive damages? CORRECT ANSWER-punitive damages are designed to punish the wrongdoer and set an example for others which of the following is correct regarding international torts ? CORRECT ANSWER--a tort is civil wrong committed against an individual -one who commits a tort may be required to pay the medical ...

AINS 102 (Latest 2023/ 2024 Update) Understanding Personal Insurance Exam | Questions and Verified Answers| 100% Correct| Grade A Q: Courtney drove her car home after spending an afternoon celebrating with some friends at a bar. She ran through a stop sign at a high speed and struck a van carrying a mother and two children. The van was totaled and all of the family members in the van were injured and hospitalized. The youngest child was severely injured and spent 3 months in the hospital and ...

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 ...

CAIB 3 Practice Exam Questions with Complete Solutions 100% Verified Answers What is the name given to the collection of written decisions? - Correct Answer Case Law Explain the concept of the Rule of Precedent. - Correct Answer Current court decisions must follow those made in cases having similar circumstances, which allows the development of a logical body of general principles against which specific cases to be compared. Explain the meaning of the term "damages". - Correct Answer Co...

GEORGIA PROPERTY & CASUALTY INSURANCE EXAM Prep (Latest 2024/ 2025 UPDATE) QUESTIONS AND VERIFIED ANSWERS| 100% CORRECT| GRADE A Q: Which insurance principle states that if a policy allows for greater compensation than the financial loss incurred, the insured may only receive benefits for the amount lost? Answer: Indemnity Q: legal process that gives the insurer, after payment of a loss, the right to seek recovery from a third party that was responsible for the loss Answer:...

AU62 Course Exam Practice Questions & Answers, 100% Accurate. Verified. An organization may incur losses from legal liabilities in a number of different ways. Which one of the following actions would best be described as an intentional tort? - -A newspaper mistakenly identifies the driver in an alcohol-related hit and run accident as John Doe, a prominent local attorney. Martin, a 15-year-old boy, carelessly tossed a glass bottle over the heads of several people toward a recycling bin 15...

Inception/Expiration Date - Answer- 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 - Answer- Date of which the loss occurred Identification of parties involved - Answer- 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 Fo...

NURSING 5140 All SG Questions Combined (Module 1-12) Study Questions And 100% Verified Answers 2023. Module 1 Study Questions Altered Cellular & Tissue Biology Ch. 2 1. Compare and contrast cellular injury and adaptation. 1. Compare and Contrast cellular injury and adaptation. Cellular Adaptation  Cellular adaptation is an alteration that enables the cell to maintain a steady state called homeostasis despite adverse conditions. It is the cells response to protect itself from injur...

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 property...