Women in the Bible and Auto Insurance: A Comparative Study, Quizzes of World Religions

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TERM 1 women in the bible DEFINITION 1 are females who lived in prehistoric times TERM 2 T/F: women were allowed to speak in church service` DEFINITION 2 FALSE TERM 3 T/F: Women were allowed to leave the household DEFINITION 3 FALSE TERM 4 T/F: Women were bitches DEFINITION 4 TRUE TERM 5 4 Auto Coverages DEFINITION 5 Part A: Liability Part B: Medical Payments Part C: Uninsured Motorist Part D: Coverage for Damage to Your Auto Part E: Duties after an Accident or Loss Part F: General Provisions TERM 6 eligible vehicle for auto ins DEFINITION 6 4 wheels owned/leased for at least 6 months TERM 7 define: "your covered auto" DEFINITION 7 4 classes of vehicles Any vehicle shown in declarations A newly acquired auto a) Additional vehicle: must notify insurer in 14 days. b) Replacement vehicle: don't have to notify insurer, covered till expiration A trailer A temporary substitute vehicle (loaner) TERM 8 PAP DEFINITION 8 Personal Automobile Policy is standard auto policy ISO drafted it Introduced in 1977 Versions revised from 1998-2005 TERM 9 Part A: Liability DEFINITION 9 protects driver from lawsuit/claim pays BI and PD pays legal fees up to limit TERM 10 define: split limits DEFINITION 10 amounts of insurance for BI liability and PD liability are seperate 10/20/10 single limit= applies both BI and PD together to make a total for the occurence TERM 21 Part B: Medical Payments DEFINITION 21 insurer pays all reasonable medical and funeral expenses paid without regard to fault within 3 years of accident TERM 22 insured persons on Cov B: Medical pmts DEFINITION 22 Name insured and family members Passengers in a covered vehicle If driving someone else's, car, passengers are not covered TERM 23 exclusions Cov B: DEFINITION 23 Business related Vehicles available to you for regular use No permission Racing facility TERM 24 other insurance: Part B DEFINITION 24 driver (owned vehicle) gets in accident- injures passenger (non-owned vehicle). Owned pays pro rata- and non pays excess (leftover) driver pays first up to her limit as primary insurer then passenger pays rest TERM 25 Part C: uninsured motorist coverage DEFINITION 25 covers BI (and PD in some states) damage caused by uninsured motorist hit and run driver negligent driver who's insurer is insolvent TERM 26 insuring agreement: Part C uninsured motorist DEFINITION 26 Covered ONLY if uninsured motorist is legally liable Max limit for an accident shown in declarations page Arbitration if insurer and insured disagree over amt of loss Only some states cover PD done by UM TERM 27 insured persons: PArt C UM DEFINITION 27 Named insured and family members Passengers Spouse of dead insured husband TERM 28 define: Uninsured vehicle DEFINITION 28 No BI liability Less coverage than state limit Hit and run vehicle Insured's insurer denies coverage (if happens, you have coverage under PArt C) TERM 29 exclusions: Part C UM DEFINITION 29 Son hits Dad. Insured stuck by car he has insured Settling a claim without insurer's consent Business related No permission Punitive damages *** TERM 30 underinsured motorist coverage DEFINITION 30 coverage for when a driver carries liability insurance, but limits carried are less than the insured's actual damages for BI ex. joe hit by marcus. marucs only can pay 25K but damages are 100K. if joe has underinsured motorist coverage, he will receive 75K in pmt if underins MC limit is 100K and damages are 125K, then joe can only get 100K TERM 31 Part D: Coverage for damage to your auto DEFINITION 31 covers damage or theft to your auto TERM 32 Disability income insurance uses a special type of deductible. No benefits are paid during the initial period of disability (e.g. two weeks, a month, five months, etc.). What is this type of deductible, which is expressed in time rather than in dollars, called DEFINITION 32 elimination (waiting period) TERM 33 In which section of an insurance contract will you find provisions that qualify or place limitations on the insurers promise to perform? DEFINITION 33 conditions TERM 34 Bill borrowed Linda's car with her permission. Both Bill and Linda have automobile liability insurance with a $100,000 liability limit. While driving Linda's car, Bill negligently caused an accident. The accident victim was awarded $80,000 in damages. How will this claim be settled, assuming that the policy written by Linda's insurer is primary and Bill's insurance coverage is excess? DEFINITION 34 linda will pay the entire 80K TERM 35 Dale and his wife Jenny are legally separated. The couple owns a vacation cabin. Dale purchased a $25,000 property insurance policy on the cabin. Unaware that Dale had purchased this coverage, Jenny purchased a $50,000 property insurance policy on the cabin. While both policies were in force, a $12,000 covered loss occurred. The insurers agreed to settle the claim on a pro rata basis. What is each insurers liability? DEFINITION 35 pro-rata percents: dale/total; jenny/total Dales insurer pays $4,000 and Jennys insurer pays $8,000. TERM 46 define: non-owned car DEFINITION 46 borrowing friend's car dont own it given permission by friend dont regulary use it not given to by family member COLL AND COMP (COV D) COVER THIS **key point not how often you use car, BUT whether it's made available to you for regular use TERM 47 T/F: part D coverage applies to a temporary substitute car and transportation expenses DEFINITION 47 TRUE- RENTAL train, taxi, TERM 48 If your covered auto is damaged in a COLLISION, what is the insurers liability for the damage DEFINITION 48 the lower of actual cash value amount necessary to replace property TERM 49 payment of loss insurer's decision DEFINITION 49 insurer has option to paying loss in money replace property TERM 50 part E: duties after an accident DEFINITION 50 self explantory see if ok get name # and insurance notification proof of loss cooperate with investigation submit medical exam-access to medical records TERM 51 part F: general provisions DEFINITION 51 Policy Period and Terriotry Termination TERM 52 policy period and terriotry DEFINITION 52 applies for US, Puerto rico, and cananda NOT MEXICO, englanfd or germany TERM 53 4 types of termination (either insured or insurer) DEFINITION 53 Cancellation Non renewal (insurer discontinues coverage at end of policy) Automatic transportation (policy automatically terminated if insured does not accept the new policy for renewal) Other termination provisions TERM 54 cancellation DEFINITION 54 insured can cancel at any moment. insurer can cancel in first 60 days of policy after first 60 days, insurer can cancel for 3 reasons: premium not paid drivers license suspended or revoked policy obtained thru material misrepresentation TERM 55 PAP excludes motorcycles, mopeds, motorscooters, motor homes, dune buggies. but what endorsement covers this? DEFINITION 55 miscellaneous type vehicle endorsement does NOT cover snowmobiles TERM 56 miscellaneous type vehicle endorsement requirements DEFINITION 56 non-owned vehicles are NOT covered TERM 57 Financial responsibility law DEFINITION 57 Does not require proof of financial responsibility until after the driver has his or her first accident or until after conviction for certain offenses such as driving while under the influence TERM 58 Show that you are financially responsible by: DEFINITION 58 1. Posting a bond2. Depositing securities or money in the amount required by the law3. Showing that the person is a qualified self-insurer TERM 59 Compulsory insurance law DEFINITION 59 Requires motorist to carry at least a minimum amount of liability insurance BEFORE the vehicle can be licensed or registered TERM 60 Unsatisfied judgment funD DEFINITION 60 A state fund for compensating auto accident victims who have exhausted all other means of recovery TERM 71 t/f: Florida has a modified no-fault law with a verbal threshold. DEFINITION 71 True TERM 72 Limited Tort Exemption: DEFINITION 72 A negligent party cannot be sued for: economic damages (to the extent that PIP is paid or payable) non-economic damages (unless the verbal threshold is met) TERM 73 define: verbal threshold DEFINITION 73 lose body part scar or disfigurement Permanent injury Death TERM 74 REQUIRED PIP LIMIT DEFINITION 74 $10,000/person TERM 75 CHANGES TO PIP IN FL: House Bill No. 119 was approved by the Governor in May, 2012. Major changes include: DEFINITION 75 Time limit:14 days after the accident to receive care $2,500 for non-emergency medical expenses such as chiropractic services Acupuncture and massages EXCLUDED Death benefit limit now in addition to $10,000 PIP limit TERM 76 credit vs. surcharge DEFINITION 76 credit: discount- good driver for 20 years, good student surcharge: penalty for something you did, can come off if you drive good for 3 years TERM 77 subrogation DEFINITION 77 substitution of insurer to takeover loss of 3rd party who sucks