Exam 19: The Liability Risk
Exam 1: Risk and Its Treatment59 Questions
Exam 2: Insurance and Risk47 Questions
Exam 3: Introduction to Risk Management60 Questions
Exam 4: Enterprise Risk Management and Related Topics56 Questions
Exam 5: Types of Insurers and Marketing Systems46 Questions
Exam 6: Insurance Company Operations52 Questions
Exam 7: Financial Operations of Insurers48 Questions
Exam 8: Government Regulation of Insurance51 Questions
Exam 9: Fundamental Legal Principles57 Questions
Exam 10: Analysis of Insurance Contracts49 Questions
Exam 11: Life Insurance60 Questions
Exam 12: Life Insurance Contractual Provisions60 Questions
Exam 13: Buying Life Insurance48 Questions
Exam 14: Annuities and Individual Retirement Accounts50 Questions
Exam 15: Health-Care Reform; Individual Health Insurance Coverages47 Questions
Exam 16: Employee Benefits: Group Life and Health Insurance53 Questions
Exam 17: Employee Benefits: Retirement Plans50 Questions
Exam 18: Social Insurance59 Questions
Exam 19: The Liability Risk56 Questions
Exam 20: Auto Insurance55 Questions
Exam 21: Auto Insurance (continued)46 Questions
Exam 22: Homeowners Insurance, Section I58 Questions
Exam 23: Homeowners Insurance, Section II48 Questions
Exam 24: Other Property and Liability Insurance Coverages47 Questions
Exam 25: Commercial Property Insurance47 Questions
Exam 26: Commercial Liability Insurance46 Questions
Exam 27: Crime Insurance and Surety Bonds42 Questions
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Steve was involved in an auto accident. Both drivers were partially at fault for the accident. Steve's actual damages were $50,000. He was judged to be 20 percent at fault. If Steve's state has a contributory negligence law, how much will Steve collect?
Free
(Multiple Choice)
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(42)
Correct Answer:
A
Which of the following is an intentional tort?
Free
(Multiple Choice)
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Correct Answer:
A
All of the following are categories of torts EXCEPT
Free
(Multiple Choice)
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(32)
Correct Answer:
B
Under state workers compensation programs, employers may not use common law defenses to defend against claims of workers who are injured on the job. In such cases, proof of a worker's injury is proof of responsibility of the employer. Because of this characteristic, workers compensation is an example of
(Multiple Choice)
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Which of the following statements about torts is (are) true?
I.The person who is injured or harmed by a tort is called a plaintiff or claimant.
II.The punishment for committing a tort is damages in the form of money.
(Multiple Choice)
4.7/5
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Which of the following statements about the legal obligations of a property owner is (are) true?
I.A property owner must inspect the premises for the benefit of an invitee and correct any unsafe conditions.
II.A property owner has the right to set a trap designed to injure a trespasser.
(Multiple Choice)
4.8/5
(36)
Steve was involved in an auto accident. Both drivers were partially at fault for the accident. Steve's actual damages were $50,000. He was judged to be 60 percent at fault. If Steve's state has a pure comparative negligence law, how much will Steve collect?
(Multiple Choice)
4.9/5
(37)
Arguments in favor of reforming the civil justice system include which of the following?
I.There is often a long delay in settling lawsuits.
II.Compensation awards have decreased significantly over the past two decades.
(Multiple Choice)
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James was injured in an auto accident caused by another motorist's negligence. To reimburse him for his hospital bills and lost earnings, items which can be specifically itemized, James will receive
(Multiple Choice)
4.9/5
(37)
Which of the following statements about the immunity of governmental entities is (are) true?
I.Governmental entities are more likely to be immune from liability when performing proprietary functions than when performing governmental functions.
II.Many courts have eliminated the immunity of government entities.
(Multiple Choice)
4.9/5
(36)
Under common law, which of the following persons is most likely to be classified as an invitee?
(Multiple Choice)
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Unmanned aircraft systems are gaining in popularity. These systems are creating new liability exposures. Unmanned aircraft systems are also known as
(Multiple Choice)
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(37)
A person who enters or remains on the property with the occupant's expressed or implied permission is called (a)n
(Multiple Choice)
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Louise was in a hurry and tried to cross the street in the middle of the block rather than at a street corner. A car struck her. Even though Louise placed herself in danger, she may still be able to collect for her injuries if the driver had an opportunity to avoid hitting her but failed to do so. This rule is called the
(Multiple Choice)
4.7/5
(36)
Heather sued Robert for injuries suffered in an automobile accident. Based on the facts presented, the jury concluded that Heather was 40 percent at fault in the accident and Robert was 60 percent at fault. Under the common law doctrine of contributory negligence, the jury should award Heather
(Multiple Choice)
4.8/5
(38)
Michelle had major abdominal surgery. Months after the surgery, she still did not feel well. When she was operated on again, the surgeon discovered two sponges that were not removed at the conclusion of the first operation. Michelle should be able to collect damages without having to prove negligence under the doctrine of
(Multiple Choice)
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(49)
Individuals renting out rooms in their home for overnight stays, individuals jointly owing a car with other owners, and individuals who give rides to people who call or text them are creating "new" liability exposures for insurers. The social change that creates these new liability exposures is called
(Multiple Choice)
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(39)
Damages awarded for losses that can be determined or measured are
(Multiple Choice)
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