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Why Must an Insured Avoid Acknowledging Liability for a Loss

Question 49

Multiple Choice

Why must an insured avoid acknowledging liability for a loss?


A) because the insurer has a duty to defend
B) because it could jeopardize the insurer's right of subrogation
C) because it may result in increased premiums
D) because it would constitute a breach of the insured's fiduciary duty

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