A bank that provides financing for the purchase of an auto may require the insured to name the bank on an auto policy to this situation, the bank would have A fiduciary responsibility to the insurer An insurable interest in the auto A surety interest in the auto Rights of subrogation

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter16: Information, Risk, And Insurance
Section: Chapter Questions
Problem 8RQ: What are some ways that someone looking for a loan might reassure a bank that is faced with...
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A bank that provides financing for the purchase of an auto may require the insured to name the bank on an auto policy to this situation, the bank would have

  1. A fiduciary responsibility to the insurer
  2. An insurable interest in the auto
  3. A surety interest in the auto
  4. Rights of subrogation
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