Property & Casualty Exam Prep 15, Types of Liability
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Absolute liability applies to inherently dangerous activities, and no proof of fault is required. - Strict liability is specifically for defective products that cause harm, regardless of the manufacturer's negligence. - Vicarious liability holds one party…
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