Which of the Following Best Defines Subrogation? It Is the Right

question 6

Multiple Choice

Which of the following best defines subrogation? It is the right of an insurer to assume the legal rights of the insured.

• A)It is the right of an insurer to claim warranty in case of breach of contract.
• B)It is the right of an insurer to assume the legal rights of the insured.
• C)It is the right of an insured to conceal certain facts from the insurer.
• D)It is the right of an insurer to deny life insurance claims in the case of suicide.

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Definitions:

Housing Prices

The cost of purchasing residential property, which can fluctuate based on factors like location, demand, and economic conditions.

Aggregate Demand

The comprehensive requirement for all goods and services in an economic situation, fixed at a specific overall price level during a certain timeframe.

Stagflation

An economic condition characterized by high inflation, high unemployment, and stagnant demand in a country’s economy.

Aggregate Demand

The collective demand for all goods and services within a particular economy at a specific price level and time period.