All of the Following Are Basic Purposes of Subrogation EXCEPT

question 26

Multiple Choice

All of the following are basic purposes of subrogation EXCEPT

• A)to eliminate adverse selection.
• B)to hold down the cost of insurance.
• C)to prevent an insured from collecting twice for the same loss.
• D)to hold the negligent person responsible for a loss.

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Definitions:

Statistics

is the science of collecting, analyzing, interpreting, and presenting data.

Interpreting Information

The process of making sense of or assigning meaning to data, texts, or situations.

Organizing

The process of arranging resources and tasks to achieve objectives efficiently and effectively.

Normal Curve

A theoretical distribution of scores where the mean, median, and mode all share the same value and an equal percentage of scores fall on either side of the distribution. Also called a bell-shaped curve based on the visual form this type of distribution takes when graphed.