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:

Affect

The experience of feeling or emotion that is often a response to stimuli in the environment.

Sensorimotor Stage

The sensorimotor stage is the first of Piaget's stages of cognitive development, where infants explore the world through their senses and actions (birth to about 2 years).

Piaget

Jean Piaget, a Swiss psychologist known for his pioneering work in child development, particularly his theory of cognitive development.

Development

The process of growth and change that a living organism undergoes over time, marked by biological, emotional, physical, and cognitive transformations.