Which of the Following Statements Best Describes the Doctrine of Subrogation

question 12

Multiple Choice

Which of the following statements best describes the doctrine of subrogation in insurance?

• A)The insured must always have an insurable interest.
• B)The insured has a duty not to over insure or under insure.
• C)The insurer who pays a claim in full has the right to acquire the legal rights of the insured.
• D)The insured has a duty to make a full and honest disclosure.

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Definitions:

Discrepancy

A difference between two or more items, facts, or figures, often leading to further investigation or analysis.

Acculturation

Changing to adapt to a new culture.

Bicultural

Refers to individuals or systems combining or navigating between two distinct cultures, typically involving the assimilation of elements from both.

Bilingual

The ability to speak and understand two languages with a high level of proficiency.