CASUALTY TEST 1 | Questions with 100% Correct
Answers | Verified | Latest Update 2026
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Terms in this set (77)
When an insurance company makes approve
any changes to its policy forms or
premium rates. The state insurance
regulatory must_____ the changes
Negligence is the_____ to behave with failure
the level of care that someone of
ordinary prudence would have
exercised under the same
circumstances.
_____is an unintentional tort, which is Negligence
covered by casualty insurance.
However intentional torts (e.g.,
assault) may not be covered.
Recklessness is conduct that is____ worse
than negligence.
A fidelity bond is insurance coverage dishonest
for losses employers incur as a result
of fraudulent acts by certain
individuals, such as losses caused by
the_____ acts of its employees.
, Contributory negligence is a legal recover
principle that is a defense to a claim
of negligence.under contributory
negligence, a party cannot____ ANY
damages if they played a part in the
negligence.
Comparative negligence is a legal reduce
term that differs from contributory
negligence in that, the Party
percentage of fault will_____ his
recovery in the case because they
were partially at fault.
_______verify the accuracy and Screeners
completeness of all of the policy
information. Raters are the insurance
company employees who calculate
the required premium amount based
upon the information provided by
actuaries.
A class is a group of businesses who exposures
have similar_____, so they get grouped
together for rating purposes.
Classification is the creation of
general categories of businesses for
rating purposes.
Answers | Verified | Latest Update 2026
Save
Terms in this set (77)
When an insurance company makes approve
any changes to its policy forms or
premium rates. The state insurance
regulatory must_____ the changes
Negligence is the_____ to behave with failure
the level of care that someone of
ordinary prudence would have
exercised under the same
circumstances.
_____is an unintentional tort, which is Negligence
covered by casualty insurance.
However intentional torts (e.g.,
assault) may not be covered.
Recklessness is conduct that is____ worse
than negligence.
A fidelity bond is insurance coverage dishonest
for losses employers incur as a result
of fraudulent acts by certain
individuals, such as losses caused by
the_____ acts of its employees.
, Contributory negligence is a legal recover
principle that is a defense to a claim
of negligence.under contributory
negligence, a party cannot____ ANY
damages if they played a part in the
negligence.
Comparative negligence is a legal reduce
term that differs from contributory
negligence in that, the Party
percentage of fault will_____ his
recovery in the case because they
were partially at fault.
_______verify the accuracy and Screeners
completeness of all of the policy
information. Raters are the insurance
company employees who calculate
the required premium amount based
upon the information provided by
actuaries.
A class is a group of businesses who exposures
have similar_____, so they get grouped
together for rating purposes.
Classification is the creation of
general categories of businesses for
rating purposes.
