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When a Policy Provides Insurance Against Third-Party Claims, the Insurer

question 48

Multiple Choice

When a policy provides insurance against third-party claims, the insurer is obligated to make reasonable efforts to settle such a claim. If a settlement cannot be reached, then regardless of the claim's merit, the insurer must _______any suit against the insured.


Definitions:

Leader Position Power

The power and sway possessed by a leader due to their designated function or status in a group or establishment.

Task Structure

The extent to which job roles are specifically defined, clear, and organized.

Participative Leadership

A leadership style where the leader involves team members in decision-making processes and problem-solving to enhance involvement and commitment.

Authoritarian Leadership

A leadership style characterized by individual control over all decisions and little input from group members.

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