Solved

In This Process, the Insured Is Required to Transfer to the Insurer

Question 31

Multiple Choice

In this process, the insured is required to transfer to the insurer any rights to recovery available from a third party.The transfer is made only to the extent of payment made by the insurer.Identify this process.


A) Demutualization
B) Gentrification
C) Subrogation
D) Redlining
E) Blockbusting

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q26: Which of the following statements is true

Q27: An umbrella liability policy is a substitute

Q28: Identify the correct statement about 'Coverage D-Loss

Q29: Loss of use coverage applies to personal

Q30: A(n) _ is a claim against property

Q32: Some special limits that apply to personal

Q33: Homeowners policies exclude loss caused by flood

Q34: Claim expenses refer generally to costs associated

Q35: In a homeowners policy, identify the coverage

Q36: Identify the homeowners Section II condition that