What Is the Name Given to the Rule That Prevents

question 24

Multiple Choice

What is the name given to the rule that prevents an insured from collecting on insurance when the loss has resulted from the insured's willful misconduct?

• A) third party endorsement
• B) forfeiture rule
• C) subrogation
• D) third party rider

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Definitions:

Case Study

A research method involving the detailed examination of a single subject to gain in-depth understanding of its aspects.

Guinea Pigs

Commonly refers to a species of rodent used in scientific research, but colloquially can also mean a person who is subjected to an experiment.

Mice or Rats

Mice or rats are small rodents known for their adaptability to various environments, often used in scientific research to understand human diseases and conditions.

Cultural Patterns

The shared and learned behaviors, beliefs, and values that are characteristic of a particular society or community.