When an Insurer Compensates an Insured,it Has the Right to Sue

question 38

Multiple Choice

When an insurer compensates an insured,it has the right to sue a wrongdoer to recover that compensation.This right is legally known as which of the following?

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

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Definitions:

Major Issues

This term pertains to significant challenges or problems that are of primary importance in a particular context or field of study.

Young People

Individuals in their youth, typically characterized as being in the transition period from childhood to adulthood.

Identity Achievement

Identity status, described by Marcia, that is characterized by commitment to choices made following a crisis, a period spent in exploring alternatives.

James Marcia

A developmental psychologist known for his work on adolescent identity formation, notably the identity status theory.