Shared Flashcard Set

Details

Objective 8.00 Vocats
Insurance & Risk Management
48
Law
Not Applicable
12/08/2010

Additional Law Flashcards

 


 

Cards

Term
Sally is in a serious accident at work. She is paralyzed from the waist down. She can no longer work for the company. What protects her from losing her job?
Definition
Americans with Disabilities Act
Term
Mary was in a serious car accident. She lost the ability to think on her own. She is forced to change her will by her brother. The courts can revoke the new will because she did not have what?
Definition
Capacity
Term
Steven, away at school, falls in love with Connie,and they get married before meeting other family members. Steven and Connie later find out that they are related by affinity. Which relationship will make their marriage void?
Definition
Daughter-in-law or Son-in-law
Term
Jordan decides she will apply for a job at a local mill. The mill will only hire Jordan if she can perform a specific task, which she can’t perform due to the fact that she is disabled. What type of discrimination is this?
Definition
Indirect
Term
When Rick begins his new job, he gets
insurance and pays for it monthly He develops Cancer and must have radiation treatments. His insurance will not cover the radiation treatments. What term identifies this situation?
Definition
Exclusion
Term
After Tammy and George are married for a few years, Tammy finds out that George was never legally divorced from his first wife. Tammy can now file for an annulment on what grounds?
Definition
Past Marriage
Term
Fred dies. His son becomes presentative of the estate. What must his son do after inventorying, assembling, preserving, and appraising it?
Definition
Give public notice of the estate
Term
Shelly decides she is going to change jobs. She has pension benefits with her current employer. If she wants to move those benefits to her new job, what is this called?
Definition
Portability
Term
After John dies, his family discovers that he has a will. The court then appoints someone to carry out the will. What term is used to identify this person?
Definition
Administrator
Term
Johnny has been named the representative on his sister’s estate. After giving public notice of the estate and paying valid claims, what must he now do?
Definition
Give out the property accordingly
Term
Lorenzo and his wife, Christina are both killed in a car crash. Lorenzo’s sister takes custody of her brother’s children. What is Lorenzo’s sister considered?
Definition
Guardian
Term
George signed a document giving his wife
permission to act on his behalf during his illness. Which term identifies the type of document George signed?
Definition
Power of attorney
Term
Fred and Ginger are no longer able to get along, they decide to end their marriage. On what grounds can they file for a divorce?
Definition
Incompatibility
Term
Gillespie decides that he wants to create a will. He writes the will in front of a lawyer and his assistant. What are the lawyer and the assistant considered?
Definition
Witnesses
Term
George is married to Sidney and Alexis. He then marries Tracey. The last marriage is considered illegal on what grounds?
Definition
Polygamy
Term
Terry gets to spend an equal amount of time with his mom and his dad after they divorce. Terry’s parents have what?
Definition
Joint Custody
Term
While married, Kenny is checked into a substance abuse center. Sharon can file for divorce from Kenny based on what grounds?
Definition
Desertion
Term
Linda decides to divorce Eric. The judge decides that Eric will pay Linda monthly for support. Which type of settlement is this?
Definition
Alimony
Term
When Susan and Tom divorce, their child would like to live with his father. This is a factor when considering what?
Definition
Custody
Term
After a court order, Rita has been sentenced to a substance abuse center. On what grounds can Kevin file for divorce from Rita?
Definition
Desertion
Term
Jose falls off a ladder at work and breaks his leg. Social security could cover him under what type of benefit?
Definition
Disability
Term
Lisa marries Kevin. While married, Kevin is convicted of first-degree murder. Lisa can file for divorce based on what grounds?
Definition
Conviction of a felony
Term
On her 65th birthday, Teresa needs health care for a medical procedure. What type of social security benefit can she receive?
Definition
Medicare
Term
Bobby’s uncle dies. Bobby received his uncle’s mansion. What term describes Bobby in this scenario?
Definition
Beneficiary
Term
After Rachel dies, her son takes her will to a lawyer. The executor must then distribute her estate according to which type of law?
Definition
State
Term
Sandy is disabled. She tries to get a job at a local grocery store and is refused due to her disability. Which kind of discrimination is this?
Definition
Direct
Term
Fran is 80 years old and has to go to the doctor every month for treatments. What type of social security benefit will cover her?
Definition
Medicare Benefits
Term
Sally decides that she should create a trust for her son. She does this during her lifetime. What term identifies this trust?
Definition
Private
Term
Carrie is in the process of changing a will by adding an amendment. Which title applies to Carrie in this situation?
Definition
Testatrix
Term
Bobby bought a beach home this past summer and wants to add it to his will. What legal document must be completed for this change?
Definition
Codicil
Term
While married, Ron has an affair with a coworker. Sara can file for divorce on what grounds?
Definition
Adultery
Term
Betty and John want to have a ceremonial marriage, who can marry them?
Definition
Judge
Term
Sheila is married to Mario. What kind of social security benefit can Mario receive if Sheila dies?
Definition
Survivors'
Term
Sally goes to her local banker and opens a retirement account. What type of pension is this?
Definition
IRA
Term
Mr. Smith did not pay the insurance bill causing the policy to lapse. When Mrs. Smith died, what did the insurance company do?
Definition
Did not pay the claim since the contract was void.
Term
Mr. and Mrs. Smith are concerned about dying together in an auto accident. To be sure their children get the life insurance money, how should the children be listed in their life insurance policy?
Definition
Contingent Beneficiaries
Term
The Smith’s financial budget is tight, but they need more life insurance protection. What kind of policy would be the BEST BUY for the Smith’s?
Definition
Term Life Insurance
Term
what is the consideration that makes a valid insurance contract?
Definition
Premium
Term
The Smith’s have a whole life policy with a face amount of $100,000 on each of them. Each policy has a cash value of $5,000. The premium is $30 per month for James and $25 per month for Joan. According to their policy,what amount of money would the insurance company pay out if Mr. Smith dies from cancer?
Definition
$100,000 lump sum
Term
Mr. Smith wants Mrs. Smith to get money from insurance if he dies. How should Mrs. Smith be listed in the policy?
Definition
Beneficiary
Term
The Smith’s have a whole life policy with a face amount of $100,000 on each of them. Each policy has a cash value of $5,000. The premium is $30 per month for James and $25 per month for Joan. The Smith’s have three children. A rider was added to James’ policy to insure each child at $10,000 for a total monthly premium of $20. what is the total monthly cost to the Smith family for life insurance?
Definition
$75.00 per month
Term
which term describes the money deducted from a person's paycheck for health insurance?
Definition
Garnishment
Term
Michael has a $1,000 deductible on his health insurance policy. How much will Michael have to pay BEFORE the insurance
company pays any medical expenses?
Definition
$1,000
Term
Michael pays $200 per month for health insurance on his wife and children through a payroll deduction plan. What type of health insurance does Michael have?
Definition
Group Health Insurance
Term
Michelle will be permanently unable to work due to extensive damage to her back. The doctor and Michelle filled out the government insurance forms for filing what kind of claim?
Definition
Social Security Disability
Term
Michelle’s disability policy helps manage which type of risk of loss?
Definition
Loss of Income
Term
Michelle is applies for Social Security Disability. If she is approved for the policy, when will Michelle’s policy begin to pay?
Definition
After one month
Term
Sean works for Champs Cleanup Crew. While on a ladder cleaning windows at a job site, Sean fell and broke his arm. What type of insurance will pay Sean for the accident?
Definition
Workers Compensation
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