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  3. question 13 of 25 subrogation implies that... a. t

Question 13 of 25 Subrogation implies that... A. the insurer acquires the right to take action against...

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Finance

Question 13 of 25

Subrogation implies that...

A. the insurer acquires the right to take action against thethird party.

B. the insured's rights are placed in the insurer'sposition.

Question 14 of 25

The proximate cause can be described as...

A. events legally caused what result is an extremely difficultlegal problem to prove.

B. the active, efficient cause that sets in motion a train ofevents that brings about the result, the intervention of any forcestarted and working actively from a new and independent source.

C. the active, efficient cause that sets in motion a train ofevents that brings about the result, without the intervention ofany force started and working actively from a new and independentsource.

Question 15 of 25

A competent insurer will not insure a risk that they do notunderstand, or are insurable. The most correct elements ofinsurable risk are...

A. homogeneous, measurable, accidental, inevitable.

B. homogeneous, measurable, accidental.

C. fortuitous, avoidable, measurable, definitive

Question 16 of 25

Factors limiting the insurability of risk is...

A. premium loadings, moral hazard and adverse selection.

B. underwriting risk, moral hazard and adverse selection

Answer & Explanation Solved by verified expert
3.6 Ratings (589 Votes)

Question Answer Explanation
                   13 a: the insurer acquires the right to take action against the third party Suppose that an insurer has paid out money to an insured, subrogation enables the insurer to recoup all or some of that money from a third party who caused or contributed to the loss.
                   14 c: the active, efficient cause that sets in motion a train of events that brings about the result, without the intervention of any force started and working actively from a new and independent source It is the immediate cause and not the remote cause.
                   15 c: fortuitous, avoidable, measurable, definitive Self-explanatory
                   16 a: premium loadings, moral hazard and adverse selection Self-explanatory
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