RMIN 4000 UGA Brown Test 4 Latest Update 250 Questions and 100% Verified Correct Answers Guaranteed A+ At First Attempt
"your covered auto" - CORRECT ANSWER: any auto shown in the declarations, newly acquired, trailer owned by the named insured, temporary substitute vehicle
- categories of tort - CORRECT ANSWER: intentional, strict liability, negligence
50% rule - CORRECT ANSWER: you cannot recover if you are 50% or more at fault
51% rule - CORRECT ANSWER: you cannot recover if you are 51% or more at fault
advantages of HMO - CORRECT ANSWER: low cost sharing, good communication
between providers
advantages of PPO - CORRECT ANSWER: no referral needed, can see out of network
providers
assumption of risk doctrine - CORRECT ANSWER: a person who understands and
recognizes the danger inherent in a particular activity cannot recover damages in the event of an injury
attractive nuisance - CORRECT ANSWER: a condition that can attract or injure children
calendar year deductible - CORRECT ANSWER: an aggregate deductible that has to
be satisfied only once during the calendar year
capitation fee - CORRECT ANSWER: a fixed annual payment for each plan member
regardless of the frequency or type of service provided
claims presentation - CORRECT ANSWER: fraud costs the insurance industry $40 oil/yr (400-700)/family/year
coinsurance - CORRECT ANSWER: the percentage of the medical expenses the
policyholder must pay in addition to the deductible amount
collision - CORRECT ANSWER: the upset of your covered auto or non-owned auto or
its impact with another vehicle or object
comparative negligence - CORRECT ANSWER: the financial burden of the injury is
shared by both parties is reduced in proportion to your fault
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compensatory damages - CORRECT ANSWER: compensate the victim for losses
actually incurred
consumer directed health care plan (CDHP) - CORRECT ANSWER: plan that combines
a high-deductible plan with a health savings account
contributory negligence - CORRECT ANSWER: the injured person cannot collect
damages if his care falls below the standard of care required for his protection
copayment - CORRECT ANSWER: flat amount the insured must pay each time health
services are received
Coverage A - CORRECT ANSWER: dwelling
Coverage B - CORRECT ANSWER: other structures
Coverage C - CORRECT ANSWER: personal property
Coverage D - CORRECT ANSWER: loss of use
Coverage E - CORRECT ANSWER: personal liability
Coverage F - CORRECT ANSWER: medical payments to others
coverage for damage to your auto - CORRECT ANSWER: covers direct and accidental
loss to a covered auto or non-owned auto
dental insurance - CORRECT ANSWER: pays the cost of norma dental care,
orthodontics not usually covered
disability-income insurance - CORRECT ANSWER: provides income payments when
the insured is unable to work because of sickness or injury
disadvantages of HMO - CORRECT ANSWER: no out of network coverage, must get
referrals
disadvantages of PPO - CORRECT ANSWER: more cost-sharing, less efficient
communication, more complicated billing
duties after an incident or loss - CORRECT ANSWER: all the stuff you have to do after a loss in order to make a valid claim
dwelling - CORRECT ANSWER: covers the house on the residence premises and
attached structures and construction materials
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elements of negligence - CORRECT ANSWER: legal duty owed, breach of legal duty,
damage or injury, proximate cause
fee-for-serive - CORRECT ANSWER: a separate fee is paid for each service
flexible spending account (FSA) - CORRECT ANSWER: permits employees to pay for
certain unreimbursed medical expenses with before tax dollars - cannot be used with high deductible plan
general damages - CORRECT ANSWER: cannot be specifically measured (pain and
suffering)
health maintenance organization (HMO) - CORRECT ANSWER: system that provides
healthcare to its members on a prepaid basis in a particular area
health savings account (HSA) - CORRECT ANSWER: tax exempt account established
exclusively for the purpose of lying medical expenses - high deductible plans only
HO 2 - CORRECT ANSWER: broad form
HO 3 - CORRECT ANSWER: special form
HO 4 - CORRECT ANSWER: contents broad form (renters)
HO 5 - CORRECT ANSWER: comprehensives form
HO 6 - CORRECT ANSWER: unit owners form (condo)
HO 8 - CORRECT ANSWER: modified coverage form
imputed negligence - CORRECT ANSWER: under certain conditions, the negligence of one person can be attributed to another
intentional tort - CORRECT ANSWER: intentional act or omission resulting in harm or injury to another person or damage to their property
invitee - CORRECT ANSWER: a person who is invited onto the premises for the benefit of the occupant
last clear chance rule - CORRECT ANSWER: a plaintiff who is endangered by his own negligence can still recover damages from the defendant if the defendant has a last clear chance to avoid the accident but fails to do so
legal defenses for negligence - CORRECT ANSWER: contributory negligence,
comparative negligence, last car chance rule, assumption of risk
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