Skip to primary navigation
Skip to main content
Skip to primary sidebar
Skip to footer

Insurance Continuing Education for Insurance Agents

Call Us Today! 1-888-501-7330

Log In
Register
Cart

HOME
ABOUT US
COURSE CATALOG
BLOG
CONTACT US

Legal Concepts for Insurance Agents FINAL EXAM (GA 47260) Copy

Posted on 01.03.19

Time limit: 0

Quiz Summary

0 of 75 Questions completed

Questions:

Information

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 75 Questions answered correctly

Your time:

Time has elapsed

You have reached 0 of 0 point(s), (0)

Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)

Categories

Not categorized 0%

Sorry, but you failed to meet the minimum passing requirements for this course.

Please review the course materials and try again.
Congratulations, you’ve passed Legal Concepts for Insurance Agents!

You Must Select The “Click Here To Continue” Button (below) to Record Your Results

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75

Current
Review
Answered
Correct
Incorrect

Question 1 of 75

1. Question
Which of the following describes the powers of congress or the federal government?
- The powers expressly granted by the federal constitution
- The powers not expressly denied by the constitution
- The powers expressly granted by the state constitution
- None of the answers supplied are correct
Question 2 of 75

2. Question
Which of the following describes the power of the states?
- The powers expressly granted by the federal constitution
- The powers not expressly denied by the constitution
- The powers expressly granted by the United Nations
- None of the answers supplied are correct
Question 3 of 75

3. Question
Which of the following is not a part of the STATE court system?
- Trial Courts
- Supreme Courts
- District Courts
- Appellate Courts
Question 4 of 75

4. Question
Which of the following is not a part of the FEDERAL court system
- District Courts
- Courts of Appeal
- Supreme Court
- Superior Courts
Question 5 of 75

5. Question
In the insurance industry, a chance for loss is known as which of the following?
- A claim
- A client
- A risk
- A cost
Question 6 of 75

6. Question
To hedge a risk, a person must do which of the following?
- Make every possible risk in the hopes that something will work out
- Make commitments on both sides of a transaction so the risks cancel each other out
- Notice a risk before a loss occurs and avoid it at all costs
- None of the answers supplied are correct
Question 7 of 75

7. Question
Which of the following accurately describes a tort?
- A wrongful act by one person against another
- A chance for loss
- Hedging a liability or a risk
- All of the answers supplied are correct
Question 8 of 75

8. Question
Which of the following is NOT one of the most common actions that generate torts?
- Intentional interference
- Signal interference
- Liability without fault
- Negligence
Question 9 of 75

9. Question
Most tort claims are based on which of the following actions?
- Intentional interference
- Liability without fault
- Negligence
- Unintentional interference
Question 10 of 75

10. Question
Torts that involve actions against third persons or their property are know as which of the following types of torts?
- Liability without fault
- Negligence
- Unintentional interference
- Intentional interference
Question 11 of 75

11. Question
If a person is being held liable for injuries or damages caused without intention and without negligent behavior, which of the following tort type is being used?
- Negligence
- Unintentional interference
- Liability without fault
- Intentional interference
Question 12 of 75

12. Question
Negligence laws do which of the following?
- Hold individuals liable for every mistake they make
- Hold individuals liable for unreasonably careless actions
- Hold individuals liable for intentionally destructive actions
- Hold individuals liable for all of their actions
Question 13 of 75

13. Question
Which of the following tort types covers actions that are deemed unreasonable and imprudent?
- Negligence
- Unintentional interference
- Liability without fault
- Intentional interference
Question 14 of 75

14. Question
Contract liability arises from which of the following?
- Torts
- Breaches of expressed or implied warranties
- Unreasonable and imprudent actions
- Intentionally destructive actions
Question 15 of 75

15. Question
When bringing suit on an injurious or defective product, an individual can select which of the following?
- A contract liability that the product did not contain the proper labeling
- tort for negligence
- All of the answers supplied are correct
- A tort for liability without fault
Question 16 of 75

16. Question
An agreement between two individuals that is enforceable by law is known as which of the following?
- A tort
- A contract liability
- None of the answers supplied are correct
- A contract
Question 17 of 75

17. Question
Which of the following situations would not make a valid contact?
- Both parties promising things of value
- One party promising something of more value than the other
- One party offering a promise with no value
- One party promising something of less value than the other
Question 18 of 75

18. Question
A recision period allows an individual to do which of the following?
- Alter a contract without the other party's consent
- Back out of a contract
- None of the answers supplied are correct
- Force a third party out of the contract
Question 19 of 75

19. Question
When something promised in a contract is not delivered, that is seen as which of the following?
- A breach
- A tort
- A recision
- Negligence
Question 20 of 75

20. Question
A consumer claim is made under which of the following circumstances?
- Contract mediation has failed
- All of the answers supplied are potentially correct
- Contract arbitration has failed
- A settlement could not be reached
Question 21 of 75

21. Question
The deadline for filing a claim or lawsuit is known as which of the following?
- A tort limit
- A liability limit
- A statute of limitation
- A recision period
Question 22 of 75

22. Question
At any point during the claims process the process can be ended by which of the following?
- Mediation
- A court order
- Arbitration
- A settlement
Question 23 of 75

23. Question
Legal recourse for an unpaid debt can never include which of the following?
- Foreclosure of property
- Repossession of assets
- Jail
- None of the answers supplied are correct
Question 24 of 75

24. Question
When attempting to collect on a debt, the individual owed money is legally allowed to do which of the following?
- Pretend to be an attorney
- Mail notices
- Threaten bodily harm
- Publicly shame the debtor for the debt yet to be paid
Question 25 of 75

25. Question
A lien can be described as which of the following?
- A legal claim against the value of a debtor's property
- A legal claim to seize the debtor's property themselves
- An illegal claim to seize the debtor's wages
- None of the answers supplied are correct
Question 26 of 75

26. Question
Which of the following is true of marriage laws in the United States?
- They require a license and a ceremony.
- There are no universal marriage laws in the United States.
- They require that the couple be capable of consummating the marriage.
- They require that the couple be at least 21 years of age.
Question 27 of 75

27. Question
Generally, property owned before a marriage is considered which of the following?
- Community property
- Separate property or community property depending on a number of factors
- Separate property
- Personal property
Question 28 of 75

28. Question
Which states generally keep a couple’s properties and debts separate from one another?
- Community property states
- Red States
- Blue states
- Common law states
Question 29 of 75

29. Question
In community property states, debts acquired after marriage are generally seen as which of the following?
- Separate property
- Personal property
- Community property
- Group property
Question 30 of 75

30. Question
A marriage can be annulled for which of the following reasons?
- A person was defrauded into marriage
- All of the answers supplied are potentially correct
- A person was forced to marry
- A person was mentally impaired
Question 31 of 75

31. Question
The two types of divorce are which of the following?
- Summary dissolution and regular dissolution
- Summary dissolution and long dissolution
- Regular dissolution and long dissolution
- Summary divorce and long form divorce
Question 32 of 75

32. Question
Which of the following describes the downside of summary divorce?
- It takes longer
- It is limited to certain situations
- It requires more money
- It requires more legal knowledge
Question 33 of 75

33. Question
Which of the following describes the downside of regular divorce?
- It requires court appearances
- It takes longer
- All of the answers supplied are correct
- It requires more legal knowledge
Question 34 of 75

34. Question
Alimony is intended to support which of the following?
- The lifestyle of a child
- The education of a child
- The legal payments of a spouse
- The lifestyle of a spouse
Question 35 of 75

35. Question
Child support is intended to support which of the following?
- The lifestyle of a spouse
- The education of a spouse
- The well-being of a child
- The legal payments of an adult
Question 36 of 75

36. Question
Community property ownership is shared between which of the following?
- Parent and child
- A married couple
- A private citizen and the state
- The state and the federal government
Question 37 of 75

37. Question
Property acquired during a marriage is presumed to be which type of property?
- Community property
- Separate property
- Personal property
- Group property
Question 38 of 75

38. Question
When moving from a community property state to a common law state, what happens to community property?
- It is divided into separate property by the state
- It remains community property
- It is divided into separate property by the couple
- None of the answers supplied are correct
Question 39 of 75

39. Question
An owner of separate property can do which of the following?
- Gift the property without the consent of his or her spouse
- Sell the property without the consent of his or her spouse
- All of the answers supplied are correct
- Take complete control of the property
Question 40 of 75

40. Question
In order for an owner of community property to gift or sell the property, he or she must first get which of the following?
- A special deed from the state
- None of the answers supplied are correct
- The consent of the state
- The consent of his or her spouse
Question 41 of 75

41. Question
A legal arrangement that gives another person control over the care and/or property of an adult no longer capable of managing alone is known as which of the following?
- A lien
- A tort
- A conservatorship
- A will
Question 42 of 75

42. Question
Which of the following is true of inheritance laws in the United States?
- The state controls inheritance distributions and values.
- A person has a choice about who inherits their property.
- A person's attorney has control of distributions and values.
- None of the answers supplied are correct.
Question 43 of 75

43. Question
What is the purpose of a will?
- To determine which property is considered separate property and which is considered community property
- To designate what will be done with an individual's property at the time of their death
- None of the answers supplied are correct
- To designate a conservatorship in case the individual is no longer capable of taking care of themselves
Question 44 of 75

44. Question
A person designated by a will to be in charge of the estate is known as which of the following?
- The conservator
- The lien
- The executor
- The courtsman
Question 45 of 75

45. Question
If there is no will, how is an executor designated?
- The state will appoint the executor from the surviving grandchildren.
- The surviving relatives will vote on an executor.
- The community at large will vote on a administrator to act as executor.
- The court will appoint an administrator to act as executor.
Question 46 of 75

46. Question
Which of the following accurately describes a trust?
- An agreement where another person benefits from a title that they hold
- None of the answers supplied are correct
- A relationship where the title of a property is held by one individual while another individual is the only one that can benefit from it
- A contract that lays out what will happen to a deceased individual's property as well as who will execute on the contract.
Question 47 of 75

47. Question
The person with the legal title of the property in a trust is known as which of the following?
- The creator
- The trustee
- The beneficiary
- The corpus
Question 48 of 75

48. Question
What is the typical relationship between the corpus of a trust and the grantor of a trust?
- The grantor is insulated from the corpus and often can never gain access to it.
- The grantor holds the title of the corpus and can benefit from it.
- The grantor can benefit from the trust but does not hold the title of the property.
- None of the answers supplied are correct.
Question 49 of 75

49. Question
A relationship where a person acts under the authority of and on the behalf of a principal is known as which of the following?
- A lien relationship
- An agency relationship
- A will relationship
- An asset protection relationship
Question 50 of 75

50. Question
An agency can be created in which way(s)?
- Through a lien
- Through a will or advanced planning
- Through a contract or by giving direction to another to act on his account
- Through an ostensible agency contract or an general agency contract
Question 51 of 75

51. Question
The basic duties of an agent are which of the following?
- To execute the estate following the instructions left in the will
- To place a lien on the property of the accused giving them a right to the value of that property
- None of the answers supplied are correct
- To listen to a clients coverage needs and wants, select a company, and bind the coverage
Question 52 of 75

52. Question
In addition to agent duties, agents also typically have which of the following?
- Parental duties
- Conservatory duties
- Fiduciary duties
- None of the answers supplied are correct
Question 53 of 75

53. Question
Which party can put an immediate stop to the agency in an agency relationship?
- The principal
- All of the answers supplied are correct
- The agent
- The courts
Question 54 of 75

54. Question
It is a good idea to always consult with an attorney before doing which of the following?
- Imposing or enforcing any kind of employee rule
- Looking for an insurance company rating
- Speaking with a client
- All of the answers supplied are correct
Question 55 of 75

55. Question
In ownership law, property must have which of the following characteristics?
- It must be capable of physical possession.
- It must be an interest honored by society.
- It must be real property.
- It must be tangible property.
Question 56 of 75

56. Question
Which of the following is an example of real, tangible property?
- A car parked in a lot
- A car
- A lot with a car parked on it
- None of the answers supplied are correct
Question 57 of 75

57. Question
Which of the following accurately describes personal property?
- Real estate and the interest found therein
- Intangible interests like stock certificates
- None of the answers supplied are correct
- All property not associated with real estate and the interest therein
Question 58 of 75

58. Question
Which of the following is true of ownership?
- It is all or nothing, there is not partial ownership
- There is no true, full ownership, all ownership is partial
- Ownership can be either full or partial in surprising ways
- None of the answers supplied are correct
Question 59 of 75

59. Question
Which of the following accurately describes joint tenancy?
- A form of community property ownership
- Two or more persons holding the deeds to a property as a single collective individual
- A form of personal property ownership
- None of the answers supplied are correct
Question 60 of 75

60. Question
A partnership is which of the following?
- Two or more persons that serve as co-owners of a business
- An artificial person with a distinct legal existence
- An agency relationship where an agent is given authority to act by a principal
- None of the answers supplied are correct
Question 61 of 75

61. Question
What agency duties do partners have towards each other and the partnership as a whole?
- Partners are executors of the partnership's will at the time of its dissolution.
- Partners are fiduciaries and binding agents for the partnership.
- All of the answers supplied are correct.
- Partners are beneficiaries of the partnership's trust.
Question 62 of 75

62. Question
Which of the following accurately describes a corporation?
- Two or more persons that serve as co-owners of a business
- An agency relationship where an agent is given authority to act by a principal
- An artificial entity with a distinctly separate existence
- None of the answers supplied are correct
Question 63 of 75

63. Question
Which of the following parties is held liable for the torts and crimes of the agents of a corporation when they are acting within their duties as agents?
- The incorporators of the articles of corporation for the corporation
- The partners that serve as co-owners of the corporation
- The agents of the corporation that are the subject of the torts and crimes
- The corporation that employs and gave agency status to the agents
Question 64 of 75

64. Question
Which of the following is an example of real property?
- Ground or soil
- Airspace
- All of the answers supplied are correct
- Naturally growing plants
Question 65 of 75

65. Question
The most familiar method used to transfer titles is through which general method?
- Liens
- Deeds
- Wills
- Trusts
Question 66 of 75

66. Question
Which of the following is an example of voluntary real property title transfer?
- A grant deed
- Adverse possession
- Condemnation
- Accession
Question 67 of 75

67. Question
If a person invited onto real property by a landowner is injured due to the nature of that property, the injured party has legal recourse against which individual?
- The state, for not regulating the property
- The owner, for not keeping the property safe
- No one, the injured person is to blame
- None of the answers supplied are correct
Question 68 of 75

68. Question
A contract between a landlord and a tenant is known as which of the following?
- A tort
- A lien
- A lease
- A partnership
Question 69 of 75

69. Question
In order for a lease to be legal, which of the following must happen?
- It must be signed by both the landlord and the tenant.
- It must be written by the landlord.
- None of the answers supplied are correct.
- A written version must be delivered.
Question 70 of 75

70. Question
In general, which party in a lessor/lessee relationship is liable for injuries that take place on the property?
- The lessor or landlord
- No one, the injured party is liable
- The lessee or tenant
- There is no general rule and the courts are split
Question 71 of 75

71. Question
Which of the following is NOT true of security deposits?
- They are security for the lessor.
- They can be either refundable or non-refundable.
- They must be refundable.
- They can be withheld to pay for damages as described in the lease.
Question 72 of 75

72. Question
In which of the following situations do hospitals NOT have a legal duty to act?
- None of the answers supplied are examples of when a hospital is not compelled to act
- If a person is unable to consent
- If a person has no insurance
- If a person has no insurance and cannot consent
Question 73 of 75

73. Question
Which demographic described in this course cannot be held liable for negligence?
- Owners of real property for the injuries of their guests
- Parents for the acts of their children
- Lessors for the injuries of their lessees
- None of the answers supplied are correct
Question 74 of 75

74. Question
What type of insurance is mandatory in most states?
- Tornado insurance
- Hurricane insurance
- Auto insurance
- Homeowner's insurance
Question 75 of 75

75. Question
What legal recourse is available to recipients of bad checks?
- They can file with the state and get reimbursed through a guaranty fund.
- They can demand a full repayment of the check from the bank used by the individual that wrote the bad check.
- There is no legal recourse for recipients of bad checks.
- They can demand full repayment and receive up to three times the check's value within 30 days.

Categories: Uncategorized

sidebar

Blog Sidebar

LOG IN
COURSE CATALOG
CONTACT US
LICENSE REQUIREMENTS

Footer

Northside Tower Building
6065 Roswell Road
Atlanta, GA 30328
1-888-501-7330
info@betterce.com

Linkedin Facebook Youtube

Course Catalog
Course Delivery Description

Course Catalog
Privacy Policy
Refund Policy
Course Reporting

Merchant Services

Home
Testimonials
Contact Us
Sitemap

Quiz Summary

Information

Results

Results

Categories

Sorry, but you failed to meet the minimum passing requirements for this course.

Please review the course materials and try again.

Congratulations, you’ve passed Legal Concepts for Insurance Agents!

You Must Select The “Click Here To Continue” Button (below) to Record Your Results

1. Question

2. Question

3. Question

4. Question

5. Question

6. Question

7. Question

8. Question

9. Question

10. Question

11. Question

12. Question

13. Question

14. Question

15. Question

16. Question

17. Question

18. Question

19. Question

20. Question

21. Question

22. Question

23. Question

24. Question

25. Question

26. Question

27. Question

28. Question

29. Question

30. Question

31. Question

32. Question

33. Question

34. Question

35. Question

36. Question

37. Question

38. Question

39. Question

40. Question

41. Question

42. Question

43. Question

44. Question

45. Question

46. Question

47. Question

48. Question

49. Question

50. Question

51. Question

52. Question

53. Question

54. Question

55. Question

56. Question

57. Question

58. Question

59. Question

60. Question

61. Question

62. Question

63. Question

64. Question

65. Question

66. Question

67. Question

68. Question

69. Question

70. Question

71. Question