11 multiple choice 1 point insurers do not, as a rule, provide coverage for: unintentional torts…

11 multiple choice 1 point insurers do not, as a rule, provide coverage for: unintentional torts. malpractice negligent torts. intentional torts. 12 multiple choice 1 point when the insured becomes aware that an injury has occurred as a result of acts covered under the contract: notice must not be provided by the carrier. the policyholder at the time of the covered incident need not report the incident to the carrier until an agreement is reached as to any liability the policy - holder may be liable for, until such time as the court determines the amount due from the policyholder. the insured must notify the insurance company on a timely basis as to the covered incident occurrence and within the terms of the contract. notice need not be oral or written, regardless of what is specified in the policy. 13 multiple choice 1 point under an insurance policy with a coverage of $50,000/$120,000, with damages totaling $60,000 in a lawsuit for plaintiff 1 and $10,000 for plaintiff 2, the insured is responsible for: $60,000 $50,000 $10,000 $40,000

11 multiple choice 1 point insurers do not, as a rule, provide coverage for: unintentional torts. malpractice negligent torts. intentional torts. 12 multiple choice 1 point when the insured becomes aware that an injury has occurred as a result of acts covered under the contract: notice must not be provided by the carrier. the policyholder at the time of the covered incident need not report the incident to the carrier until an agreement is reached as to any liability the policy - holder may be liable for, until such time as the court determines the amount due from the policyholder. the insured must notify the insurance company on a timely basis as to the covered incident occurrence and within the terms of the contract. notice need not be oral or written, regardless of what is specified in the policy. 13 multiple choice 1 point under an insurance policy with a coverage of $50,000/$120,000, with damages totaling $60,000 in a lawsuit for plaintiff 1 and $10,000 for plaintiff 2, the insured is responsible for: $60,000 $50,000 $10,000 $40,000

Answer

Brief Explanations:

  1. Insurers generally do not cover intentional torts as they involve deliberate harmful actions.
  2. When an injury occurs due to covered - acts, the insured must notify the insurance company promptly and within the contract terms.
  3. The coverage is $50,000 per occurrence. The total damages are $60,000 + $10,000=$70,000. Since the per - occurrence limit is $50,000, the insured is responsible for the amount over the limit, which is ($60,000 + $10,000)-$50,000 = $20,000. But this is not in the options. Assuming the $50,000 is the deductible or the limit for the insured's liability in some way, the insured is responsible for the amount that exceeds the coverage amount they are liable for. If we consider the $50,000 as the maximum the insurance pays per claim - related event for the insured's liability, the insured is responsible for the amount above this, which in this case, since the total damages are $70,000, the insured is responsible for $20,000. But if we assume the $50,000 is the amount the insured has to pay out - of - pocket first (deductible), and the insurance pays the rest up to the limit, the insured pays $50,000.

Answer:

  1. D. intentional torts
  2. C. the insured must notify the insurance company on a timely basis as to the covered incident occurrence and within the terms of the contract
  3. B. $50,000