Which one (1) of the following conditions affects the amount of settlement of an insured loss? OA) Subrogation Clause. B) Named Perils Rider. OC) Co-insurance Clause. OD) Subscription policy with four insurers.
Which one (1) of the following conditions affects the amount of settlement of an insured loss? OA) Subrogation Clause. B) Named Perils Rider. OC) Co-insurance Clause. OD) Subscription policy with four insurers.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Which one (1) of the following conditions affects the amount of settlement of an insured loss?
OA) Subrogation Clause.
OB) Named Perils Rider.
OC) Co-insurance Clause.
OD) Subscription policy with four insurers.
Transcribed Image Text:What is "subrogation"?
OA) It is the insurable interest of the mortgagee of a property.
OB) It is the valuation of property after a loss covered by insurance.
OC) It is the amount of insurance is too low to meet the co-insurance requirements in a policy.
OD) It is action by an insurer after it pays a loss to recover from the party responsible.
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