BUS204 CHAPTERS 30 &41

INSURANCE and PROFESSIONAL LIABILITY

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Clues

• GUARANTEES SECRECY OF CLIENT COMMUNICATIONS
• PROTECTS AGAINST FIRE, WIND, BURGLARY, VANDALISM BUT NOT FLOODS
• POLICYHOLDER'S FINANCIAL INTEREST IN THE PERSON OR PROPERTY THAT IS INSURED
• ONE PARTY DRAWS ON TAKE IT OR LEAVE IT BASIS
• PHYSICIAN GETS FROM PATIENT BEFORE PERFORMING PROCEDURE
• THIRD PARTY WHO RECEIVES COMPENSATION FROM A POLICY
• BREACH OF DUTY OF DUE CARE
• LOWERS THE COST OF INSURANCE PREMIUM
• BARS INSURER FROM DENYING PROMISES RELEVANT TO VALIDITY OF INSURANCE CONTRACT
• STANDARD EXPECTED OF MOST PROFESSIONALS
• HOSPITAL DIDN'T DO ITS HOMEWORK ON STAFF PHYSICIAN
• AGENCY BY ESTOPPEL
• APPLIED TO MEDICAL PRACTICE BECAUSE OF WIDESPREAD EDUCATION
• PERSON WHO PERFORMS HIGHLY SKILLED TASKS BECAUSE OF SPECIAL QUALIFICATIONS
• WITHOLDING A FACT OF MATERIAL INTEREST TO THE INSURER'S RISK DECISION
• COMPENSATE THE INSURED AGAINST LOSS
• CONSIDERATION FOR AN INSURANCE POLICY
• TEMPORARY INSURANCE COVERAGE
• STANDARDS FOR CERTIFIED PUBLIC ACCOUNTANTS
• STANDARDS FOR AUDITORS

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