University of Tennessee

BIO 240

Quiz 4

1)Alternative techniques for resolving legal disputes without litigation include which of the following?

1. 1. Arbitration
   2. Mediation
   3. Both a and b
   4. Neither a nor b
2. Which of the following is a true statement concerning the declaration section of the insurance contract/policy?
   1. It contains the specifics regarding the particular property or activity that is insured
   2. The information in the declaration section is what is used for underwriting purposes
   3. both a and b are true statements
   4. neither a nor b are true statements
3. Under common law which of the following person is most likely to be classified as an invite?

3. 1. A mail carrier
   2. A social guest
   3. A door to door salesperson
   4. A solicitor for charitable organization
4. The provision that specifies an amount that is subtracted from the total loss payment would be payable is called what?
   1. The deductible
   2. The endorsements
   3. The coinsurance clause
   4. The conditions
5. In insurance contracts, the insured that has the right to a refund of premium as well as the responsibility for paying premium is which of the following?
   1. The named insured
   2. The first named insured
   3. The additional insured
   4. The special insured
6. James was injured in an auto accident caused by another motorists’ negligence. He will be reimbursed for his hospital bills and lost earnings, items which can be specifically itemized. James is being reimbursed for what type of damages?
   1. Punitive damages
   2. Special damages
   3. Imputed damages
   4. General Damages

7. Steven’s homeowners policy has an 80% coinsurance condition. His home has a replacement cost value of $312,500. Steven has his home insured for $200,000 with a

$2500 deductible. As a result of a recent storm, Steve incurred a loss of $10,000 due to wind damage to his home. How much will Steven receive for his loss from his homeowner’s insurer?

8. Mary currently carries $100,000 coverage on her home with a $1,000 deductible. A recent minor fire caused damage in her kitchen in the amount of $2,500. Assuming that Mary’s limit of $100,000, is in compliance with the coinsurance requirement on the policy, how much will she receive for payment of her loss from her homeowner’s policy insurer?

9. Individuals renting out rooms in their home for overnight stays, individuals jointly owning a car with other owners and individuals who give rides to people who call or text are creating new liability exposures for insures. The social change that creates these new liability exposures is called
   1. Millennial generations
   2. Baby boomer factor

9. 3. The greying of America
   4. The sharing economy
10. All of the following are major types of exclusions except which one?
    1. Excluded perils (causes of loss)
    2. Excluded losses (damage from peril)
    3. Excluded insureds
    4. Excluded property
11. Which of the following statements concerning the first named insured is NOT correct?
    1. The first named insured is added to the policy by endorsement
    2. The first named insured is responsible for the payment of premiums on the policy
    3. The first named insured is the first name that appears on the declaration page of the policy as an insured
    4. The first named insured is responsible for complying with notice of loss requirements
12. Which of the following is an intentional tort?
    1. Slander
    2. negligence
    3. Strict liability
    4. murder
13. Which of the following give rise to imputed negligence?
    1. Employer-employee relationships
    2. Injury to a trespasser
    3. Sole proprietorships
    4. Attractive nuisance situations
14. What are the four elements of negligence?