Legal/Law
State Farm Facts
Let's Talk Policy
Investigations
Useless Knowledge
1

Process where two parties present their case to a panel who will decide the final outcome

Arbitration

1

Which Professional sports team plays in State Farm Stadium 

Arizona Cardinals

1
Jake (From State Farm) is given 2 quotes. One with the limits of 30/60/25 and one with limits of $100,000 for liability. What are these 2 types of limits called?

Split limit and Single Limit

1

The tool that should be opened upon the first handling of the claim

3PET
1

Bryce's Favorite Vacation spot in the US (City and State)

Las Vegas, NV

2

The kind of Law we deal with when assessing negligence and liability

Tort Law

2
What profession was our founder, George Mecherle before he founded State Farm
Farmer
2

Jake got in an accident and caused $50k in injuries to the claimant. His policy limits are 30/60/25. State Farm will pay how much for the claimant's injuries?

$30,000

2
An In-Person process that can help with things such as disputed light accidents, disputed construction zone accidents, and disputed traffic control accidents.

Scene Investigation


2

The 2 teams currently playing for the Stanley Cup (Hockey)

Florida Panthers and Edmonton Oilers

3

The type of lawyer who typically files suit against a 3rd party insurance company for a motor vehicle accident

Personal Injury Attorney

3

The type of Insurance Company that State Farm is... where the company is owned by the customers

Mutual

3

Jake accidentally merged and hit a tractor trailer and caused the tractor trailer (carrying products) to run off the road and down a cliff. Jake has a minimum limits Personal Auto Policy so this will surely be a limits issue. But, thank goodness he purchased a ______ Policy that will help cover some or all of the remaining liability exposure!

Umbrella

3

Which state neighboring TX still follows the "Pay to Play Law" which bars recovery regardless of fault if you do not have active insurance of your own

Louisianna

3

What do the stripes on the American Flag represent

The 13 colonies
4

An additional cost that the insurer may have to pay to compensate the 3rd party for the time since the trial and the physical payment being issued

Post-Judgement Interest

4

As of the end of Quarter 1, 2024, what is State Farm's Net Worth (Answer needs to be within 10 Billion)

$148 Billion

4

Jake from State Farm and T-Swift are going on a year-long camping road trip. They will be living out of a cool Van but still own their homes. They are worried about someone stealing things like their camera, their jewlery, and other expensive camping materials that they are bringing with them. What kind of endorsement should they add to their homeowner's insurance?

Personal Effects Coverage

4
The kind of duty we owe to the policyholders:
A Fiduciary duty
4

City that is home to Broadway, Bridgestone Arena, and one of the most famous Oprys

Nashville, TN

5
A doctrine in US Law whereby an act is considered negligent because it violates a statute.

Negligence Per Se

5

What are the 4 Pillars

Customer, Employee, Expense, and Quality

5
Jake owns several original Van Gogh paintings and a very expensive camera that he likes to take with him when he travels to one of his many mansions around the US. What kind of insurance policy may he want to purchase?

Inland Marine

5

What should your first step be after receiving a subro demand for $30,000 when your PD limits are $25,000

Send the Limits/Excess letter ASAP

5
In a hand of Blackjack where the dealer is showing an Ace, what will they ask for from the players? (Think about your job wink wink)

Insurance

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