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10 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Indeminfy |
To compensate for damage or loss. "To make whole" |
Damage |
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What is the basic principle of indemnification? |
To bring the individual to their pre-loss state however they should not profit from loss |
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Claim |
A request for payment for a particular loss |
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Claimant |
An individual entity who brings a claim or claims against someone else |
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Regardless of the line of business what is the examiners three basic steps |
Investigate Evaluate Conclude |
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Investigation |
A reasonable inquiry into the facts of an occurrence or event |
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Critical thinking |
The identification and evaluation of evidence to guide in decision-making |
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What do critical thinkers use? |
A critical thinker uses broad in-depth analysis of evidence to make a decisions and to communicate his/her belief clearly and accurately |
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What are the three common phases used in various areas of law! |
Substantial cause Predominant cause Proximate cause |
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Substantial cause |
35 to 40% caused by a particular thing |
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