The Forfeiture Rule Provides the Right of the Insurer to Recover

question 51

True/False

The forfeiture rule provides the right of the insurer to recover the amount paid on a claim from a third party that caused the loss.

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Definitions:

Water Molecule

The smallest unit of water, consisting of two hydrogen atoms bonded to one oxygen atom, symbolized as H2O.

Surface Tension

The elastic tendency of liquid surfaces to acquire the least surface area possible, responsible for phenomena like droplets forming and the ability of some objects to float on water.

Polar

Relating to the poles of a planet, or exhibiting opposite characteristics at different ends of an axis.

Polar

Relating to the North and South Poles of Earth or the regions surrounding them, characterized by extremely cold temperatures.