Which of the Following Statements About Subrogation Is True

question 52

Multiple Choice

Which of the following statements about subrogation is true?

• A)Subrogation eliminates adverse selection.
• B)Subrogation helps to hold down the cost of insurance.
• C)Subrogation results in violation of the principle of indemnity.
• D)Subrogation permits a party who caused a loss to avoid responsibility for the loss.

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Definitions:

American Psychological Association

The American Psychological Association is a professional organization representing psychologists in the United States, dedicated to advancing psychology as a science, profession, and means of promoting health and human welfare.

Learned Helplessness

The situation in which someone feels powerless, due to experiencing a traumatic incident or repeated failures to accomplish goals.

Implications

Possible results or effects of an action or decision, often indirect or not immediately obvious.

Internal Locus

The belief that one has control over their own life and outcomes, as opposed to external forces having that control.