Which of the Following Is Correct with Respect to the Principle

question 131

Multiple Choice

Which of the following is correct with respect to the principle of subrogation as it relates to insurance law?

• A) Subrogation refers to the insured's right to demand payment from the insurance company if the insured-against event takes place.
• B) Subrogation refers to the principle that the insured cannot benefit from his own wrongdoing.
• C) Subrogation refers to the principle that, if the insured does not take out enough insurance, he will be taken to be responsible for a portion of any loss incurred.
• D) Subrogation refers to the principle that, if an insurance company pays out on a policy, they assume all of the rights of the insured against the person causing the loss.
• E) Subrogation refers to the practice of the insurance companies taking out their own insurance where the policy involves potentially large losses or high risk.

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Definitions:

Comprehensive Explanations

Detailed and thorough explanations that cover or encompass all aspects or factors of a subject or phenomenon.

Illusory Correlations

The phenomenon of perceiving a relationship between variables (typically people, events, or behaviors) even when no such relationship exists.

Complex Assumptions

Premises or beliefs that involve multiple interconnected elements, often taken for granted in reasoning or analysis.

Falsifiable

Refers to the ability of a hypothesis or theory to be disproven by experimental or observational evidence.