Misrepresentation Study guides, Class notes & Summaries

Whenever an individual telephones a funeral home and asks about the funeral homes offerings or prices, *the funeral home must provide accurate information in response to those inquires*. The funeral home is prohibited by the Funeral Rule from refusing to give price information over the telephone. The funeral director cannot insist upon the called identifying himself or herself as a condition to the disclosure of price information over the telephone -if a funeral director or trained staff mem...

Missouri Life and Health Insurance Final Exam Graded A+ Whose interest is being protected by the enactment of " The Replacement of Life Insurance and Annuities" regulation? policyowner Q applied for life insurance and submitted the initial premium on January 1. The policy was issued February 1, but it was not delivered by the agent until February 7. Q is dissatisfied and returns the policy February 13. How will the insurer handle this situation? policy was returned with the "free look" per...

SPM4723 - Legal Issues in Sport Exam III (Answered) Complete Verified Solution Contract A legally enforceable agreement or promise between two or more parties that creates an obligation to do or not do a particular action. What is contract law based in? Common Law. What does the Uniform Commercial Code (UCC) do? Governs commercial codes and contracts. What are the parts of a contract? Offer, Acceptance, Consideration. The Offer A conditional promise made by one party to another. Bil...

QUESTION 1 Discuss the causality (at the expense of requirement) requirement of enrichment liability. (10) QUESTION 2 In McCarthy Retail Ltd v Shortdistance Carriers CC 2001 (3) SA 482 (SCA) para [9] the court said: “We now know from the hard print that there is a common-law basis for the acceptance of a general enrichment action, at least one of a subsidiary nature. In this respect the decision of the majority in Nortje’s case has been shown by the then largely dormant authority to b...

When auditing operative notes, the auditor will expect to see documentation from all of the following except: - ANSWER Surgical assistants. According to the Health Insurance Portability and Accountability Act of 1996 (HIPAA), an outside auditor must sign which of the following agreements prior to reviewing and auditing any medical records? - ANSWER Business Associate Agreement When auditing an ENT practice, you discover the practice uses an EMR. Which of the following options would you loo...

To be considered an insurable risk, a loss may NOT be - catastrophic Which of the following persons would be required to hold a producer license? - a nonresident agent who negotiates insurance contracts Which of the following is the oldest known type of insurance? - ocean marine The contents coverage on a homeowners policy would pay how much after the loss of one of a pair of golden candlesticks? - the difference in the actual cash value as a pair and as a single Which of the following ad...

Property and Casualty Insurance Exam – Georgia Questions and Answers 100% Pass BPP building coverage insures the building at the described location, outdoor, fixtures, furnitures, items used to service the property, permanently installed machinery and equipment, and additions under construction, including the materials, supplies, and equipment. HO limits of property at other residences the larger of $1000 or 10% Coverage C. Limit does not apply if property is moved because the residence premi...

FOR2603 Assignment 1 Semester 1 2023 Answers, guidelines, workings and reference ............................................................... QUESTION 1 1.1 Describe two specific elements of misrepresentation found in fraud, using the following subheadings, and give an example of each: 1.1.1 Words (5) 1.1.2 Conduct (5) 1.2 Explain the difference between the crimes of theft by false pretences and fraud (5) 1.3 Define the term “uttering”. (5) [20] QUESTION 2 2.1 Critically discuss t...

Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review(updated 2023)Peril Something that causes a loss. Hazard Something that increases the probability that a loss will occur. Warranty A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. ...

Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests - Correct Answer -D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one payment is made by the insurer and it is up to the additional in...