Texas Insurance License Exam Prep P&C Questions and Answers Already Passed

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Texas Insurance License Exam Prep P&C Questions and Answers Already Passed What are 3 subjects an auto policy covers? ✔✔1. Body 2. The vehicle 3. Assets Bodily Injury Types ✔✔Personal In... jury Med Pay Uninsured Motorist No Fault Insurance ✔✔State stipulates that parties cannot file a claim to the other persons insurance policy unless required in excess. Instead, each party is required to file a primary claim against their own insurance regardless who is at fault. EX. Florida Financial Responsibility Laws ✔✔State Laws regulating that people are to carry a minimum coverage amount set by the state to protect themselves, others, and property. P.A.P ✔✔Personal Automotive Policy Negligence ✔✔The failure to act as a prudent person would under similar circumstances Legal Liability ✔✔Involves proven negligence or fault Vicarious Liability ✔✔Being responsible for the negligent acts of someone else. Ex. Your children Absolute or Strict Liability ✔✔Stems from hazardous or dangerous activities that makes the owner liable WITHOUT the requirement of proof of negligence. Liability ✔✔Being responsible for the damages or injury you or someone else you're responsible for has done. The 7 Characteristics of a Contract ✔✔1. Personal Contract 2. Conditional Contract 3. Adhesion [Show More]

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