瑞达 Rejda 保险教材英文练习题09Word下载.docx
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瑞达 Rejda 保险教材英文练习题09Word下载.docx
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PreviousEdition
2)Whichofthefollowingisafundamentalpurposeoftheprincipleofindemnity?
A)toreducemoralhazard
B)tominimizephysicalhazards
C)tosettlepropertyinsurancelossesonareplacementcostbasis
D)torequiredeductiblesinallpropertyinsurancepolicies
A
3)Sam'
sfurniturewasdestroyedbyafire.Thefurniturecost$1200whenitwaspurchased,butsimilarnewfurniturenowcosts$1800.Assumingthefurniturewas50percentdepreciated,whatistheactualcashvalueofSam'
sloss?
A)$600
B)$900
C)$1200
D)$1800
Revised
4)AllofthefollowingareexceptionstotheprincipleofindemnityEXCEPT
A)lifeinsurance.
B)valuedpolicies.
C)replacementcostpropertyinsurance.
D)actualcashvaluepropertyinsurance.
D
5)Underwhichofthefollowingrulesisactualcashvaluedeterminedbytakingintoconsiderationallrelevantfactorsanexpertwouldusetodeterminethevalueoftheproperty?
A)thecircumstantialevidencerule
B)thebroadevidencerule
C)thepropertyindemnityrule
D)theobjectivevaluerule
6)Atotallossunderavaluedpolicyissettledonthebasisofthe
A)marketvalueoftheloss.
B)actualcashvalueoftheloss.
C)replacementvalueoftheloss.
D)amountofinsurancecoveringtheloss.
7)Whichofthefollowingstatementsdescribeshowlosseswillbesettledifapropertyinsurancepolicyiswrittenonareplacementcostbasis?
A)Lossesaresettledwithouttheapplicabledeductible.
B)Lossesaresettledwithoutadeductionfordepreciation.
C)Theinsurermustreplacethedamagedordestroyedpropertyinlieuofacashsettlement.
D)Thepolicyisconvertedtoavaluedpolicy.
8)Whichofthefollowingstatementsabouttheprincipleofinsurableinterestis(are)true?
I.Itmakesitdifficulttomeasuretheamountofaninsured'
sloss.
II.Itreducesmoralhazard.
9)AllofthefollowingwillsupportaninsurableinterestforpurposesofpurchasingpropertyandliabilityinsuranceEXCEPT
A)closefamilyrelationship.
B)potentiallegalliability.
C)securedcreditors.
D)acontractright.
10)Whichofthefollowingstatementsaboutaninsurableinterestinlifeinsuranceis(are)true?
I.Itisrequiredofanypersonnamedasbeneficiary.
II.Itmayresultfromapecuniary(financial)interest.
11)Whenmustaninsurableinterestlegallyexistinlifeinsurance?
A)onlyatthetimeoftheinsured'
sdeath
B)onlyattheinceptionofthepolicy
C)onlyatthetimethebeneficiaryispaid
D)bothatthetimeoftheinsured'
sdeathandattheinceptionofthepolicy
12)Whenmustaninsurableinterestlegallyexistinpropertyinsuranceforaninsuredtoreceivepaymentforalossfromtheinsurer?
A)onlyatthetimeoftheloss
C)onlyatthetimethelosssettlementprocesstakesplace
D)bothatthetimeofthelossandattheinceptionofthepolicy
13)Sue'
sofficebuildingwasdamagedbyafirecausedbyacarelesstenant.AfterpayingSueforherloss,theinsurancecompanysuedthetenanttorecoveritsloss.Thissuitisbasedontheprincipleof
A)warranty.
B)insurableinterest.
C)utmostgoodfaith.
D)subrogation.
14)AllofthefollowingarebasicpurposesofsubrogationEXCEPT
A)toeliminateadverseselection.
B)toholddownthecostofinsurance.
C)topreventaninsuredfromcollectingtwiceforthesameloss.
D)toholdthenegligentpersonresponsibleforaloss.
15)Whichofthefollowingstatementsaboutsubrogationistrue?
A)Itisusedprimarilyforlossespaidunderlifeinsurancepolicies.
B)Itallowstheinsurertosueitsowninsuredwhoisnegligent.
C)Theinsured'
srighttocollectbenefitsmaybeforfeitediftheinsuredinterfereswiththeinsurer'
srightsafteralossoccurs.
D)Theinsurerisrequiredtoexerciseitssubrogationrights.
C
16)TheprincipleofutmostgoodfaithissupportedbyallofthefollowinglegaldoctrinesEXCEPT
A)representations.
B)warranty.
C)subrogation.
D)concealment.
17)Whatisthelegalsignificanceofamaterialconcealmentbyaninsuranceapplicant?
A)Thecontractisautomaticallyvoidedfromitsinception.
B)Thecontractisvoidableattheinsurer'
soption.
C)Losspaymentsarereducedbythedegreeoftheconcealment.
D)Theinsurerisimmediatelyentitledtoahigherpremium.
18)Whatisthelegalsignificanceofamaterialmisrepresentationinaninsuranceapplication?
C)Losspaymentsarereducedbythedegreeofthemisrepresentation.
19)Afalsestatementmadebyanapplicantforinsuranceisanexampleofa
A)concealment.
B)breachofwarranty.
C)lackofofferandacceptance.
D)misrepresentation.
20)Whichofthefollowingstatementsaboutawarrantyinaninsurancecontractis(are)true?
I.Itispartoftheinsurancecontract.
II.Statementsmadebyaninsuranceapplicantareconsideredwarrantiesratherthanrepresentations.
21)Davidownsaliquorstoreinahigh-crimearea.Inordertoobtainareducedinsurancepremium,Davidpromisedtohaveaburglaralarmoperatingatthestorewhenthestorewasclosed.Thisagreement,whichwasincorporatedintotheinsurancecontract,isanexampleofa
A)representation.
B)unilateralcontract.
C)contractofadhesion.
D)warranty.
22)Whichofthefollowingstatementsaboutofferandacceptanceforinsurancecontractsistrue?
A)Inpropertyandliabilityinsurance,agentstypicallydonothavetheauthoritytobindcoverage.
B)Inlifeinsurance,theagentcanusuallyacceptanofferbyimmediatelybindingcoverage.
C)Inpropertyinsurance,theofferandacceptanceareusuallyinwritingbutmaybeoral.
D)Inlifeinsurance,theofferismerelythepromisetopaythefirstpremium.
23)ChrisappliedforlifeinsuranceandpaidthefirstpremiumonMonday.Shewasgivenaninsurabilitypremiumreceiptwhichspecifiedthatcoveragewaseffectiveonthedateoftheapplicationorthedateofthemedicalexam,whicheverislater.ShetookthemedicalexamthefollowingThursday.Shewasfoundtobeinperfecthealth.Onwhichdaywashercoverageeffective?
A)onMonday,whenshecompletedtheapplicationandpaidthefirstpremium
B)onWednesday,twodaysaftercompletingtheapplicationandpayingthefirstpremium
C)onThursdaywhenshepassedthemedicalexam
D)onSaturday,twodaysafterpassingthemedicalexam
24)Whichofthefollowingstatementsaboutconsiderationinaninsurancecontractis(are)true?
I.Theinsured'
stotalconsiderationissubmissionofacompletedapplication.
II.Theinsurer'
sconsiderationisthepromisetodothosethingsspecifiedinthepolicy.
25)Acontractinwhichthevaluesexchangedarenotequalbecausechanceisinvolvediscalleda(n)
A)contractofadhesion.
C)conditionalcontract.
D)aleatorycontract.
26)Whyareinsurancecontractssaidtobecontractsofadhesion?
A)Thevaluesexchangedbythepartiestothecontractarenotequal.
B)Onepartywritesthecontract,andtheotherpartymustaccepttheentirecontractaswritten.
C)Onlyonepartymakesalegallyenforceablepromise.
D)Conditionsareplacedontheinsurer'
spromisetoperform.
27)Whydoestheinsuredgetthebenefitofthedoubtifaninsurancepolicycontainsanyambiguitiesoruncertainties?
A)becauseinsurancecontractsarealeatory
B)becauseinsurancecontractsareunilateral
C)becauseinsurancecontractsareconditional
D)becauseinsurancecontractsarecontractsofadhesion
28)Whycananinsurerrefusetopayaclaimifaninsuredfailstoabidebythepolicyprovisions?
29)Whichofthefollowingtypesofinsurancepolicie
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