瑞達 Rejda 保險教材英文練習題09

瑞達Rejda保險教材英文練習題09瑞達Rejda保險教材英文練習題09瑞達Rejda保險教材英文練習題09資料僅供參考文件編號：2022年4月瑞達Rejda保險教材英文練習題09版本號：A修改號：1頁次：1.0審核：批準:發(fā)布日期：PrinciplesofRiskManagementandInsurance,11e(Rejda)Chapter9FundamentalLegalPrinciples1)FundamentalpurposesoftheprincipleofindemnityincludewhichofthefollowingI. Toreducephysicalhazards.II. Topreventtheinsuredfromprofitingfrominsurance.A)IonlyB)IIonlyC)bothIandIID)neitherInorIIAnswer:BQuestionStatus:PreviousEdition2)WhichofthefollowingisafundamentalpurposeoftheprincipleofindemnityA)toreducemoralhazardB)tominimizephysicalhazardsC)tosettlepropertyinsurancelossesonareplacementcostbasisD)torequiredeductiblesinallpropertyinsurancepoliciesAnswer:AQuestionStatus:PreviousEdition3)Sam'sfurniturewasdestroyedbyafire.Thefurniturecost$1200whenitwaspurchased,butsimilarnewfurniturenowcosts$1800.Assumingthefurniturewas50percentdepreciated,whatistheactualcashvalueofSam'slossA)$600B)$900C)$1200D)$1800Answer:BQuestionStatus:Revised4)AllofthefollowingareexceptionstotheprincipleofindemnityEXCEPTA)lifeinsurance.B)valuedpolicies.C)replacementcostpropertyinsurance.D)actualcashvaluepropertyinsurance.Answer:DQuestionStatus:PreviousEdition5)UnderwhichofthefollowingrulesisactualcashvaluedeterminedbytakingintoconsiderationallrelevantfactorsanexpertwouldusetodeterminethevalueofthepropertyA)thecircumstantialevidenceruleB)thebroadevidenceruleC)thepropertyindemnityruleD)theobjectivevalueruleAnswer:BQuestionStatus:PreviousEdition6)AtotallossunderavaluedpolicyissettledonthebasisoftheA)marketvalueoftheloss.B)actualcashvalueoftheloss.C)replacementvalueoftheloss.D)amountofinsurancecoveringtheloss.Answer:DQuestionStatus:PreviousEdition7)WhichofthefollowingstatementsdescribeshowlosseswillbesettledifapropertyinsurancepolicyiswrittenonareplacementcostbasisA)Lossesaresettledwithouttheapplicabledeductible.B)Lossesaresettledwithoutadeductionfordepreciation.C)Theinsurermustreplacethedamagedordestroyedpropertyinlieuofacashsettlement.D)Thepolicyisconvertedtoavaluedpolicy.Answer:BQuestionStatus:PreviousEdition8)Whichofthefollowingstatementsabouttheprincipleofinsurableinterestis(are)trueI. Itmakesitdifficulttomeasuretheamountofaninsured'sloss.II. Itreducesmoralhazard.A)IonlyB)IIonlyC)bothIandIID)neitherInorIIAnswer:BQuestionStatus:PreviousEdition9)AllofthefollowingwillsupportaninsurableinterestforpurposesofpurchasingpropertyandliabilityinsuranceEXCEPTA)closefamilyrelationship.B)potentiallegalliability.C)securedcreditors.D)acontractright.Answer:AQuestionStatus:PreviousEdition10)Whichofthefollowingstatementsaboutaninsurableinterestinlifeinsuranceis(are)trueI. Itisrequiredofanypersonnamedasbeneficiary.II. Itmayresultfromapecuniary(financial)interest.A)IonlyB)IIonlyC)bothIandIID)neitherInorIIAnswer:BQuestionStatus:Revised

11)WhenmustaninsurableinterestlegallyexistinlifeinsuranceA)onlyatthetimeoftheinsured'sdeathB)onlyattheinceptionofthepolicyC)onlyatthetimethebeneficiaryispaidD)bothatthetimeoftheinsured'sdeathandattheinceptionofthepolicyAnswer:BQuestionStatus:PreviousEdition12)WhenmustaninsurableinterestlegallyexistinpropertyinsuranceforaninsuredtoreceivepaymentforalossfromtheinsurerA)onlyatthetimeofthelossB)onlyattheinceptionofthepolicyC)onlyatthetimethelosssettlementprocesstakesplaceD)bothatthetimeofthelossandattheinceptionofthepolicyAnswer:AQuestionStatus:Revised13)Sue'sofficebuildingwasdamagedbyafirecausedbyacarelesstenant.AfterpayingSueforherloss,theinsurancecompanysuedthetenanttorecoveritsloss.ThissuitisbasedontheprincipleofA)warranty.B)insurableinterest.C)utmostgoodfaith.D)subrogation.Answer:DQuestionStatus:PreviousEdition14)AllofthefollowingarebasicpurposesofsubrogationEXCEPTA)toeliminateadverseselection.B)toholddownthecostofinsurance.C)topreventaninsuredfromcollectingtwiceforthesameloss.D)toholdthenegligentpersonresponsibleforaloss.Answer:AQuestionStatus:PreviousEdition15)WhichofthefollowingstatementsaboutsubrogationistrueA)Itisusedprimarilyforlossespaidunderlifeinsurancepolicies.B)Itallowstheinsurertosueitsowninsuredwhoisnegligent.C)Theinsured'srighttocollectbenefitsmaybeforfeitediftheinsuredinterfereswiththeinsurer'srightsafteralossoccurs.D)Theinsurerisrequiredtoexerciseitssubrogationrights.Answer:CQuestionStatus:PreviousEdition

16)TheprincipleofutmostgoodfaithissupportedbyallofthefollowinglegaldoctrinesEXCEPTA)representations.B)warranty.C)subrogation.D)concealment.Answer:CQuestionStatus:PreviousEdition17)WhatisthelegalsignificanceofamaterialconcealmentbyaninsuranceapplicantA)Thecontractisautomaticallyvoidedfromitsinception.B)Thecontractisvoidableattheinsurer'soption.C)Losspaymentsarereducedbythedegreeoftheconcealment.D)Theinsurerisimmediatelyentitledtoahigherpremium.Answer:BQuestionStatus:PreviousEdition18)WhatisthelegalsignificanceofamaterialmisrepresentationinaninsuranceapplicationA)Thecontractisautomaticallyvoidedfromitsinception.B)Thecontractisvoidableattheinsurer'soption.C)Losspaymentsarereducedbythedegreeofthemisrepresentation.D)Theinsurerisimmediatelyentitledtoahigherpremium.Answer:BQuestionStatus:PreviousEdition19)AfalsestatementmadebyanapplicantforinsuranceisanexampleofaA)concealment.B)breachofwarranty.C)lackofofferandacceptance.D)misrepresentation.Answer:DQuestionStatus:PreviousEdition20)Whichofthefollowingstatementsaboutawarrantyinaninsurancecontractis(are)trueI. Itispartoftheinsurancecontract.II. Statementsmadebyaninsuranceapplicantareconsideredwarrantiesratherthanrepresentations.A)IonlyB)IIonlyC)bothIandIID)neitherInorIIAnswer:AQuestionStatus:PreviousEdition

21)Davidownsaliquorstoreinahigh-crimearea.Inordertoobtainareducedinsurancepremium,Davidpromisedtohaveaburglaralarmoperatingatthestorewhenthestorewasclosed.Thisagreement,whichwasincorporatedintotheinsurancecontract,isanexampleofaA)representation.B)unilateralcontract.C)contractofadhesion.D)warranty.Answer:DQuestionStatus:PreviousEdition22)WhichofthefollowingstatementsaboutofferandacceptanceforinsurancecontractsistrueA)Inpropertyandliabilityinsurance,agentstypicallydonothavetheauthoritytobindcoverage.B)Inlifeinsurance,theagentcanusuallyacceptanofferbyimmediatelybindingcoverage.C)Inpropertyinsurance,theofferandacceptanceareusuallyinwritingbutmaybeoral.D)Inlifeinsurance,theofferismerelythepromisetopaythefirstpremium.Answer:CQuestionStatus:PreviousEdition23)ChrisappliedforlifeinsuranceandpaidthefirstpremiumonMonday.Shewasgivenaninsurabilitypremiumreceiptwhichspecifiedthatcoveragewaseffectiveonthedateoftheapplicationorthedateofthemedicalexam,whicheverislater.ShetookthemedicalexamthefollowingThursday.Shewasfoundtobeinperfecthealth.OnwhichdaywashercoverageeffectiveA)onMonday,whenshecompletedtheapplicationandpaidthefirstpremiumB)onWednesday,twodaysaftercompletingtheapplicationandpayingthefirstpremiumC)onThursdaywhenshepassedthemedicalexamD)onSaturday,twodaysafterpassingthemedicalexamAnswer:CQuestionStatus:PreviousEdition24)Whichofthefollowingstatementsaboutconsiderationinaninsurancecontractis(are)trueI. Theinsured'stotalconsiderationissubmissionofacompletedapplication.II. Theinsurer'sconsiderationisthepromisetodothosethingsspecifiedinthepolicy.A)IonlyB)IIonlyC)bothIandIID)neitherInorIIAnswer:BQuestionStatus:PreviousEdition

25)Acontractinwhichthevaluesexchangedarenotequalbecausechanceisinvolvediscalleda(n)A)contractofadhesion.B)unilateralcontract.C)conditionalcontract.D)aleatorycontract.Answer:DQuestionStatus:PreviousEdition26)WhyareinsurancecontractssaidtobecontractsofadhesionA)Thevaluesexchangedbythepartiestothecontractarenotequal.B)Onepartywritesthecontract,andtheotherpartymustaccepttheentirecontractaswritten.C)Onlyonepartymakesalegallyenforceablepromise.D)Conditionsareplacedontheinsurer'spromisetoperform.Answer:BQuestionStatus:Revised27)WhydoestheinsuredgetthebenefitofthedoubtifaninsurancepolicycontainsanyambiguitiesoruncertaintiesA)becauseinsurancecontractsarealeatoryB)becauseinsurancecontractsareunilateralC)becauseinsurancecontractsareconditionalD)becauseinsurancecontractsarecontractsofadhesionAnswer:DQuestionStatus:PreviousEdition28)WhycananinsurerrefusetopayaclaimifaninsuredfailstoabidebythepolicyprovisionsA)becauseinsurancecontractsarealeatoryB)becauseinsurancecontractsareunilateralC)becauseinsurancecontractsareconditionalD)becauseinsurancecontractsarecontractsofadhesionAnswer:CQuestionStatus:PreviousEdition29)Whichofthefollowingtypesofinsurancepoliciescanusuallybeassignedwithouttheinsurer'sconsentI. LifeinsuranceII. PropertyinsuranceA)IonlyB)IIonlyC)bothIandIID)neitherInorIIAnswer:AQuestionStatus:PreviousEdition

30)WhatisthepracticaleffectofaninsurancepolicybeingaconditionalcontractA)Theinsurercanrefusetoapayclaimunlesstheinsuredhascompliedwithallpolicyprovisions.B)Theinsuredcanassignthepolicyonlywiththeinsurer'sconsent.C)Theinsurercansuetheinsuredforfailuretopayanypremiums.D)Theinsuredgetsthebenefitofthedoubtifapolicycontainsanyambiguitiesoruncertainties.Answer:AQuestionStatus:Revised31)WhatisthepracticaleffectofaninsurancepolicybeingacontractofadhesionA)Theinsurercanrefusetopayclaimsunlesstheinsuredhascompliedwithallpolicyprovisions.B)Theinsuredcanassignthepolicyonlywiththeinsurer'sconsent.C)Theinsurercansuetheinsuredforfailuretopayanypremiums.D)Thepolicyisinterpretedintheinsured'sfavorifthepolicycontainsanyambiguitiesoruncertainties.Answer:DQuestionStatus:PreviousEdition32)AllofthefollowingstatementsabouttherulesgoverningagencyrelationshipsaretrueEXCEPTA)Anagentmustbeauthorizedtoactonbehalfofaprincipal.B)Anagencyagreementmaygrantcertainpowerstotheagentaswellasdenyingtheagentotherpowers.C)Theprincipalisresponsiblefortheactsofagentsonlyiftheactsarecriminal.D)Knowledgeoftheagentispresumedtobeknowledgeoftheprincipalwithrespecttomatterswithinthescopeoftheagencyrelationship.Answer:CQuestionStatus:PreviousEdition33)ThevoluntaryrelinquishmentofalegalrightiscalledA)subrogation.B)adhesion.C)estoppel.D)waiver.Answer:DQuestionStatus:PreviousEdition

34)Frankaskedhiscompany'semployeebenefitsdirectorifhisgrouphealthcoveragecouldbeconvertedtoindividualcoverage.Thebenefitsdirectorsaid,"Yes,youcanconverttoanindividualpolicy,andthecoverageisidenticaltoyourgroupcoverage."Frankquithisjobandconvertedtoanindividualpolicy.Sixmonthslaterhefiledaclaim.Hewasdismayedtolearntheconversionpolicywaslimitedcomparedtothegroupcoverage,andhisclaimwasdenied.WhatlegaldoctrinewillallowFranktobringasuccessfullegalactionagainsthisformeremployerbecausehewasfinanciallyharmedduetohisreasonablerelianceuponarepresentationoffactA)adhesionB)concealmentC)estoppelD)subrogationAnswer:CQuestionStatus:Revised35)Janicepurchasedalivingroomsetfor$1,000andinsuredthisfurnitureonanactualcashvaluebasis.Twoyearslaterthelivingroomsetwasdestroyedbyacoveredperil.Atthetimeofloss,thepropertyhaddepreciatedinvalueby25percent.Thereplacementcostofthefurnitureatthetimeoflosswas$1,200.Assumingnodeductible,howmuchwillJanicereceivefromherinsurerA)$900B)$950C)$1,000D)$1,200Answer:AQuestionStatus:PreviousEdition36)JacobsoldhishousetoSheliafor$140,000incash.Jacob"threwin"insuranceonthehouseaspartofthedealanddidnotbothertellingtheinsurerthattherewasanewowner.FourmonthsafterSheliapurchasedthehome,awindstormdamagedtheroof.WhichofthefollowinglegalcharacteristicsofinsurancecontractscouldtheinsurerusetolegallydenypaymentforthedamagetotheroofA)Insurancecontractsareunilateralcontracts.B)Insurancecontactsarecontractsofadhesion.C)Insurancecontractsarealeatorycontracts.D)Insurancecontractsarepersonalcontracts.Answer:DQuestionStatus:PreviousEdition

37)Melody'scarwasdamagedwhenanotherdriverranastopsignandhithercar.Melodydecidedtocollectfromherowninsurerandtoletherinsurerrecoupthelosspaymentfromthenegligentdriverwhohither.WhatfundamentallegalprincipleisillustratedinthisscenarioA)theprincipleofutmostgoodfaithB)theprincipleofinsurableinterestC)theprincipleofsubrogationD)theprincipleofreasonableexpectationsAnswer:CQuestionStatus:PreviousEdition38)WhenBenappliedforlifeinsurance,hewasaskedontheapplicationifhesmokedorusedtobaccoproducts.Benanswered"No."Inreality,Bensmokestwopacksofcigarettesaday.Thepolicywasissuedatthe"preferred,nonsmokerrate."IfBendies6monthsafterthepolicyisissued,uponwhatgroundswilltheinsurerbeabletolegallydenytheclaimA)warrantyB)misrepresentationC)waiverD)concealmentAnswer:BQuestionStatus:PreviousEdition39)Robinplanstoopenabarinahigh-crimearea.Shehaddifficultyobtaininginsuranceforthebusiness.Shefoundaninsurerwillingtowritethecoverage,butonlyifRobinagreedtohaveasecurityalarmsysteminoperationatalltimeswhenthebusinessisclosed.Robin'spromisetohaveasecurityalarmsystemoperationalasaconditionofhavingtheinsurancecoverageinforceisaA)binder.B)warranty.C)waiver.D)deductible.Answer:BQuestionStatus:PreviousEdition40)DaveisanagentforEasyPayInsurance.EasyPayinsuresonlythehighest-qualityapplicants.Davewantedtoearnmorecommissions,sohesoldsomepoliciestoapplicantsheknewwerebelow-averagerisks.Whenthesepolicyownersstartedfilingclaims,EasyPaytriedtodenytheclaimsstatingthatDavehadnotactedappropriately.WhichgeneralruleofagencymakesEasyPayresponsiblefortheclaimsofthehigher-than-averageriskpolicyownersA)Thereisnopresumptionofanagencyrelationship.B)Agentsshouldbecompensatedbasedonthequalityofthebusinesstheygenerate.C)Aprincipalisresponsiblefortheactsofitsagentswhoareactingwithinthescopeoftheirauthority.D)Anagentmusthaveauthoritytorepresenttheprincipal.Answer:CQuestionStatus:PreviousEdition

41)Ted'sinsuranceclaimwasdeniedbyXYZInsuranceCompany.WhenTedinquiredwhytheclaimwasdenied,hewastoldto,"Readtheexclusiononpage5ofthepolicy."Tedreadtheexclusion.Inhisopinion,theexclusionwaspoorlywordedandvague.IfacourtoflawagreeswithTed'sassessmentoftheexclusion,TedmaystillbeabletohavehisclaimpaidbytheinsurerbecauseinsurancecontractsareA)personalcontracts.B)unilateralcontracts.C)aleatorycontracts.D)contractsofadhesion.Answer:DQuestionStatus:PreviousEdition42)Markownsabar.ThebarhasabackroomwhereMarkhassomeslotmachines.Markletssomeofhispatronsplaythemachines,andMarkkeepsanyprofits.ThistypeofgamblingisillegalwhereMarklives.Markwantedtopurchaseinsuranceincasehisslotmachineswereconfiscatedbythepolice.Suchaninsurancecontractwouldnotbeenforceable.WhichrequirementneededtoformavalidinsurancecontractismissingA)considerationB)offerandacceptanceC)legalpurposeD)competentpartiesAnswer:CQuestionStatus:PreviousEdition43)Whichdistinctlegalcharacteristicofinsurancecontractsstatesthatonlytheinsurer'spromisetoperformislegallyenforceableA)contractsofadhesionB)unilateralcontractsC)aleatorycontractsD)personalcontractsAnswer:BQuestionStatus:PreviousEdition44)Somecourtshaveruledthatanalternativeto"replacementcostlessdepreciation"shouldbeusedtodeterminetheactualcashvalueofapropertyloss.Underthisalternative,thevalueofpropertylostisdeterminedbythepriceawillingbuyerwouldpayawillin