No-fault insurance:
a. Has been adopted by all 50 states.
b. Means a plaintiff can sue a defendant and recover even if there is no fault on defendant's part.
c. Provides certain economic benefits from an insured's own insurance company regardless of the insured's fault.
d. None of the above.
Q. 2If notice of a potential settlement between an underinsured motorist and a UIM carrier's insured is required to be provided to a UIM carrier, this is to protect:
a. The UIM insurer from bad faith.
b. The UIM insurer's indemnity rights.
c. The UIM insurer's subrogation rights.
d. The UIM insurer's right to a jury trial.
Q. 3Caveat emptor means:
a. Let the seller beware
b. Let the agent beware
c. Let the broker beware
d. Let the buyer beware
Q. 4Nofault disputes are resolved by:
a. Jury trial.
b. Binding arbitration.
c. Bench trial.
d. The method outlined in the policy.
Q. 5No-fault benefits may be described as:
a. PIB benefits.
b. PIP benefits.
c. BIP benefits.
d. BIB benefits.
Q. 6Small children are easily impeachable due to their perceived impressionability.
Indicate whether the statement is true or false
Q. 7Finding and choosing interpreters is a tricky process.
Indicate whether the statement is true or false
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