An Insured Does Not Get the Right to Arbitration When

question 12

Multiple Choice

An insured does not get the right to arbitration when the:

• A) insurance company denies responsibility for the loss.
• B) loss is of a relatively small value.
• C) claim is assigned to a claims adjustor.
• D) insured leaves the scene of the accident.
• E) insured has made several claims from the insurance company.

---

Definitions:

Implied Authority

Authority that is not explicitly defined but is assumed to be granted as part of an agent's role or duties.

Trading Partnership

A formal arrangement between two or more parties to manage, operate, and share the profits or losses of a business venture.

LLP Partners

Individuals who are members of a Limited Liability Partnership, bearing rights and responsibilities as defined in the LLP agreement.

Contractual Obligations

Responsibilities, duties, or promises that are legally binding, as outlined in a contract between parties.