

Insurance Concepts and Proximate Cause
Flashcard
•
Business
•
Professional Development
•
Hard
Eddie Emmett
FREE Resource
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23 questions
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1.
FLASHCARD QUESTION
Front
Which of the following is an example of a situation where proximate cause might not be established?
Back
B) A deer running in front of a car causing a collision
2.
FLASHCARD QUESTION
Front
In the context of insurance, what does a deductible refer to?
Back
B) The amount the insured must pay out of pocket before insurance covers the loss
3.
FLASHCARD QUESTION
Front
What is the formula to determine if the coinsurance requirement is met?
Back
A) Value of the property×Coinsurance percentage=Minimum insurance amount required
4.
FLASHCARD QUESTION
Front
In a personal injury case, what must a plaintiff prove to establish proximate cause?
Back
A) The defendant's actions were a substantial factor in causing the injury
5.
FLASHCARD QUESTION
Front
What is the primary challenge in proving proximate cause in toxic tort claims?
Back
C) The time it takes for illnesses to develop
6.
FLASHCARD QUESTION
Front
What does indemnity insurance cover?
Back
B) Losses or damages up to a certain limit
7.
FLASHCARD QUESTION
Front
In the context of insurance, what are limits of liability?
Back
B) The maximum amounts an insurance company will pay for a covered loss
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