Under the right of subrogation:
A) the insurer is obliged to pay only the face amount of the policy if the insured dies within a specified period of time; which is the term of the policy.
B) the insurer obtains all of the insured's rights to pursue legal remedies against anyone who may have negligently or intentionally damaged the insured property.
C) the insurer obtains all of the insured's rights to pursue legal remedies only against those persons who have intentionally damaged the insured property.
D) the insurer is obliged to pay the face value of the policy on the death of the insured and the specified premium for the duration of his/her life.
Correct Answer:
Verified
Q36: According to the _,when the insured has
Q38: If property covered by a valued policy
Q39: Open policies allow the insured to recover:
A)the
Q40: As a general rule,contracts are assignable:
A)even if
Q41: Define portable health insurance.
Q41: What are an insurer's obligations in a
Q43: Describe the insurable interests required in life
Q44: Identify the true statement about cancellation of
Q46: Briefly explain the right of subrogation.
Q47: Those who have an insurable interest in
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