ccurred loSSC. a legally recognized relationship between the insured and the financial lossO D. risk that have high frequency and high severity2. When two or more policies cover the same loss, the right of the one insurer tocall upon the other to share the loss is called the principle ofO A. indemnityO B. subrogationO C. contributionD. utmost good faith3, Which of the following principles of insurance denotes a positive duty of the

Let us evaluate each option Q: When a loss is covered by two or more policies, then right of one…

Answered: 2. When two or more policies cover the…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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2. When two or more policies cover the same loss, the right of the one insurer to call upon the other to share the loss is called the principle of O A. indemnity O B. subrogation O C. contribution D. utmost good faith