TEST BANK - MEDICAL SURGICAL NURSING
10TH EDITION IGNATAVICIUS WORKMAN
COMPLETE GUIDE NEWEST VERSION 2024
What is the failure to use that degree of care which n ordinary person of
reasonable prudence would use under similar circumstances? - ANSWER--
Negligence
What is a situation involving a person other than an insured? - ANSWER--Third
Party Loss
What is the responsibility to another for one's negligence? - ANSWER--Liability
Mary has a homeowner's policy. Her Coverage A limit of liability is $250,000 and
her Coverage B limit of liability is $125,000. Her policy has a 2% deductible. What
is her deductible? - ANSWER--$5,000
The part of the insurance policy that details the rights and duties of the insured
and the insurance company in the policy? - ANSWER--Conditions
What is a partial legal defense that reduces the amount of damages that a person
can recover based upon the amount that this person's own negligence
contributed to the loss? - ANSWER--Comparative Negligence
Value of property based on the current cost to replace it minus depreciation? -
ANSWER--Actual Cash Vale
This type of Auto Coverage pays for your damages if you were involved in a hit
and run: - ANSWER--Uninsured Motorist
, TEST BANK - MEDICAL SURGICAL NURSING
10TH EDITION IGNATAVICIUS WORKMAN
COMPLETE GUIDE NEWEST VERSION 2024
What is the cost associated with replacing property at current market prices? -
ANSWER--Replacement Cost
The process when an insurer and insured have a dispute regarding the amount of
the damage: - ANSWER--Appraisal
The intentional misrepresentation of a material fact that may void a contract? -
ANSWER--Fraud
What is the type of negotiation that is also sometimes called positional or hard-
bargaining? - ANSWER--Distributive
An event that results in an insured loss and damages? - ANSWER--Occurrence
What is the period a policy is in force, from the beginning or effective date? -
ANSWER--Policy Period
The amount the insured must pay in a loss before any payment is due? - ANSWER-
-Deductible
The insurer must review the claim and accept or reject within how many days? -
ANSWER--15 calendar
Oral or written false statement that is malicious - ANSWER--Defamation
, TEST BANK - MEDICAL SURGICAL NURSING
10TH EDITION IGNATAVICIUS WORKMAN
COMPLETE GUIDE NEWEST VERSION 2024
Time requirements does the policy holder have to complete the requirements
that the insurer has requested? - ANSWER--No requirements
Days for insurer to pay the claim - ANSWER--5 business
Insurer must acknowledge the claim begin the investigation, and request all the
information needed in what time frame? - ANSWER--15 Calendar days
What must an insurer provide for the declination, cancellation, or nonrenewal of
an insurance policy? - ANSWER--Written Statement
Established in 1991 to ensure prompt payment of insurance claims? - ANSWER--
Article 21.55
An insurer may not consider a _______ as a basis for declination? - ANSWER--
Customer Inquiry
An insurer may refuse to renew a policy if the insurer has mailed notice of
nonrenewal to the insured at least_____ days before the policy's expiration date?
- ANSWER--30
If the insurer needs additional time to evaluate and investigate a claim, they can
request how many additional days? - ANSWER--45 Calendar Days
, TEST BANK - MEDICAL SURGICAL NURSING
10TH EDITION IGNATAVICIUS WORKMAN
COMPLETE GUIDE NEWEST VERSION 2024
Under the Texas HO-B, the structure is covered for what type of losses? -
ANSWER--All risk of physical loss, unless excluded
Under the Texas HO-B, jewelry, watches, and furs are limited to? - ANSWER--$500
for losses caused by theft
Under the Texas HO-B policy, the most paid for a tree? - ANSWER--$250
The Special Limit of Liability for Bullion/ Valuable Papers is? - ANSWER--$500
HO-B policy, you would choose the Deductible Clause 1 for losses caused by? -
ANSWER--Windstorm, Hurricane, Hail
Trees, shrubs, plants, and lawns are not covered for losses caused by? - ANSWER--
Windstorm
If your policyholder has a percentage deductible, how do you determine what the
deductible amount is? - ANSWER--Apply the percentage to Coverage A limit of
liability
What is a crucial element to the adjustment process? - ANSWER--Claim
investigation
The adjuster must set appointment ______ to meet both the needs of the
adjuster and the policyholder? - ANSWER--At reasonable times
10TH EDITION IGNATAVICIUS WORKMAN
COMPLETE GUIDE NEWEST VERSION 2024
What is the failure to use that degree of care which n ordinary person of
reasonable prudence would use under similar circumstances? - ANSWER--
Negligence
What is a situation involving a person other than an insured? - ANSWER--Third
Party Loss
What is the responsibility to another for one's negligence? - ANSWER--Liability
Mary has a homeowner's policy. Her Coverage A limit of liability is $250,000 and
her Coverage B limit of liability is $125,000. Her policy has a 2% deductible. What
is her deductible? - ANSWER--$5,000
The part of the insurance policy that details the rights and duties of the insured
and the insurance company in the policy? - ANSWER--Conditions
What is a partial legal defense that reduces the amount of damages that a person
can recover based upon the amount that this person's own negligence
contributed to the loss? - ANSWER--Comparative Negligence
Value of property based on the current cost to replace it minus depreciation? -
ANSWER--Actual Cash Vale
This type of Auto Coverage pays for your damages if you were involved in a hit
and run: - ANSWER--Uninsured Motorist
, TEST BANK - MEDICAL SURGICAL NURSING
10TH EDITION IGNATAVICIUS WORKMAN
COMPLETE GUIDE NEWEST VERSION 2024
What is the cost associated with replacing property at current market prices? -
ANSWER--Replacement Cost
The process when an insurer and insured have a dispute regarding the amount of
the damage: - ANSWER--Appraisal
The intentional misrepresentation of a material fact that may void a contract? -
ANSWER--Fraud
What is the type of negotiation that is also sometimes called positional or hard-
bargaining? - ANSWER--Distributive
An event that results in an insured loss and damages? - ANSWER--Occurrence
What is the period a policy is in force, from the beginning or effective date? -
ANSWER--Policy Period
The amount the insured must pay in a loss before any payment is due? - ANSWER-
-Deductible
The insurer must review the claim and accept or reject within how many days? -
ANSWER--15 calendar
Oral or written false statement that is malicious - ANSWER--Defamation
, TEST BANK - MEDICAL SURGICAL NURSING
10TH EDITION IGNATAVICIUS WORKMAN
COMPLETE GUIDE NEWEST VERSION 2024
Time requirements does the policy holder have to complete the requirements
that the insurer has requested? - ANSWER--No requirements
Days for insurer to pay the claim - ANSWER--5 business
Insurer must acknowledge the claim begin the investigation, and request all the
information needed in what time frame? - ANSWER--15 Calendar days
What must an insurer provide for the declination, cancellation, or nonrenewal of
an insurance policy? - ANSWER--Written Statement
Established in 1991 to ensure prompt payment of insurance claims? - ANSWER--
Article 21.55
An insurer may not consider a _______ as a basis for declination? - ANSWER--
Customer Inquiry
An insurer may refuse to renew a policy if the insurer has mailed notice of
nonrenewal to the insured at least_____ days before the policy's expiration date?
- ANSWER--30
If the insurer needs additional time to evaluate and investigate a claim, they can
request how many additional days? - ANSWER--45 Calendar Days
, TEST BANK - MEDICAL SURGICAL NURSING
10TH EDITION IGNATAVICIUS WORKMAN
COMPLETE GUIDE NEWEST VERSION 2024
Under the Texas HO-B, the structure is covered for what type of losses? -
ANSWER--All risk of physical loss, unless excluded
Under the Texas HO-B, jewelry, watches, and furs are limited to? - ANSWER--$500
for losses caused by theft
Under the Texas HO-B policy, the most paid for a tree? - ANSWER--$250
The Special Limit of Liability for Bullion/ Valuable Papers is? - ANSWER--$500
HO-B policy, you would choose the Deductible Clause 1 for losses caused by? -
ANSWER--Windstorm, Hurricane, Hail
Trees, shrubs, plants, and lawns are not covered for losses caused by? - ANSWER--
Windstorm
If your policyholder has a percentage deductible, how do you determine what the
deductible amount is? - ANSWER--Apply the percentage to Coverage A limit of
liability
What is a crucial element to the adjustment process? - ANSWER--Claim
investigation
The adjuster must set appointment ______ to meet both the needs of the
adjuster and the policyholder? - ANSWER--At reasonable times
