Question

1. A medical professional liability policy responds to bodily injury allegations as the result of the delivery or failure to deliver medical services. However, it may not respond to allegations for “wrongful acts” in the administration of a managed care plan.

	True
	False

2. If a voluntary attending physician who carries their own medical professional liability coverage is named in a claim with the hospital, and if the hospital and physician are found to be negligent, the hospital may be held financially liable for the inadequacy of the physician’s limits under the theory of joint and several liabilities.

	True
	False

3. Worker’s Compensation insurance provides statutory benefit coverage but limits medical benefits to what the employer’s medical insurance plan would cover?

	True
	False

4. Property policies are written on two forms, Named Peril and All Risk coverage. Purchasing named peril coverage is to the benefit of the insured.

	True
	False

5. Property policies provide “first party” coverage. Some of these insurance coverages are: Fire and Extended Coverage, Time element coverage, Boiler and Machinery Coverage, Directors and Officers Liability, fine arts coverage, valuable papers and records coverage?

	True
	False

Answer 1

Q.1True statement as medical professional liability policy governs the case of the failure to deliver medical services.

Q.2. True statement as per various theories of liability

Q.3. false

Q. 4. True statement regarding the documentation of the property policies

Q. 5. True, as the liability coverage provide “first party” coverage. Some of these insurance coverages are: Fire and Extended Coverage, Time element coverage, Boiler and Machinery Coverage, Directors and Officers Liability, fine arts coverage, valuable papers and records coverage