Multiple Choice
Which of the following best defines subrogation? It is the right of an insurer to assume the legal rights of the insured.
A) It is the right of an insurer to claim warranty in case of breach of contract.
B) It is the right of an insurer to assume the legal rights of the insured.
C) It is the right of an insured to conceal certain facts from the insurer.
D) It is the right of an insurer to deny life insurance claims in the case of suicide.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: A "binder" on an insurance policy is
Q2: The danger of a loss of, or
Q3: The maximum amount that the insurer agrees
Q4: A creditor has insurable interest in the
Q5: Which of the following best defines concealment?<br>A)It
Q7: A minor may disaffirm an insurance contract,
Q8: Give some examples of an insurable interest
Q9: Which of the following best defines insurance?
Q10: To contract for a policy of insurance,
Q11: An insurer is a party who purchases