Multiple Choice
The Smallville Mall has assumed the responsibility for payment of liability losses caused by Chuck's Famous Pizza to attract the pizza chain to the mall. One of Chuck's employees is found guilty of sexual harassment in the mall. Smallville Mall's insurer pays the liability judgment. Who does Smallville Mall's insurer collect from under its subrogation rights?
A) Chuck's Famous Pizza,
B) Smallville Mall,
C) Chuck's Famous Pizza's insurer,
D) no collection would take place since Smallville Mall is ultimately responsible.
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Match the descriptions with their terms:<br>-One of
Q12: Insurable interest in property-liability insurance must exist<br>A)
Q13: Match the descriptions with their terms:<br>-A/An _
Q14: The insurer is entitled to its subrogation
Q15: An applicant for life insurance informs the
Q17: Match the descriptions with their terms:<br>-An economic
Q18: Pooling is the sharing of total losses
Q19: One social cost of insurance is attributed
Q20: Without the insurance mechanism, the reserves needed
Q21: Match the descriptions with their terms:<br>-A/An _