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
Correct Answer:
Verified
Q34: What three general categories do insurance policies
Q35: How does comprehensive general liability (CGL)insurance differ
Q36: What insurance product would protect against loss
Q37: What legal consequences might arise if an
Q38: What is the most likely result of
Q40: What is the purpose of directors and
Q41: The forfeiture rule provides the right of
Q42: An insurer,the party that purchases the policy
Q43: Manitoba and Quebec both use a no
Q44: Because financing a buyout on the death
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents