AM
CPCU 530 EXAM QUESTIONS AND ANSWERS
WITH COMPLETE SOLUTIONS VERIFIED 100
VERIFIED 2025/2026
Terms in this set (269)
Comprehensive codes of written laws
Civil Law or statutes that apply to all legal
questions. These systems rely on
scholarly interpretations of their
codes and constitutions rather than
on court decisions
Common Law Body of law derived from court decisions
as opposed to statutes or constitutions.
Doctrine of Stare Principle that lower courts must follow
Decisis precedents set by higher courts
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Classification of law that creates,
Substantive Law defines, and regulates parties' rights,
duties, and powers. It governs the
merits of the case, which are based
on the facts giving rise to the
lawsuit.
Classification of law that prescribes
Procedural Law the steps, or processes, for enforcing
the rights and duties defined by the
substantive law. It involves the
procedures or mechanics of court
processes and the methods used
to enforce substantive law.
Led by president on federal level and
governors on state level; Has power
Executive Branch to recommend, approve, or veto laws
and to administer and carry out
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many laws
through administrative agencies. Its
checks on the other two branches
include the power to appoint
judges and the power to veto laws
passed by the legislative
branch.
Federal congress and state
Legislative Branch legislatures; has power to pass laws.
Branch's check on the other two
branches include its power to
approve or deny many
executive's appointments, and its
ability to pass constitutional laws
negating judicial opinions.
The courts; interpret, affirm, or
Judicial Branch negate laws. Checks on the other
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two branches include the power to
declare laws, and sometimes
actions or regulations of the
executive branch
unconstitutional or unlawful
Writ of certiorari An appellate courts order directing a
lower court to deliver its record in a
case for appellate review
Rules of evidence It must be relevant, material, and competent
Administrative Rulemaking and adjudication
agencies have two
main functions
Admin. Agencies Legislative, interpretative, and procedural
three types of rules
Valid assignment Requires neither formality nor
writing, Any words or actions that
indicate the assignor's intention to
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