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:

Mark Zuckerberg

The co-founder and CEO of Facebook, a social media platform that has expanded to include various other social tech products.

Critical Path

The sequence of stages determining the minimum time required to complete a project, highlighting the most important tasks that need timely completion.

Break-even Analysis

An evaluation to determine the point at which revenue received equals the costs associated with receiving the revenue.

"What-if" Tool

A type of analytical software or methodology used to explore the potential outcomes of different scenarios or decisions by changing variables.