Jake,a Surgeon,kills a Patient on the Operating Table

question 9

Multiple Choice

Jake,a surgeon,kills a patient on the operating table.The insurer is not clear if Jake's actions were negligent or if Jake deliberately did something wrong.How can the insurer determine if it has a duty to defend Jake in the lawsuit brought by the patient's family?

• A)Review the terms of the insurance policy.
• B)Ask the court to issue a declaratory judgment.
• C)It must defend Jake and then ask for subrogation later if the patient's family prevails.
• D)The insurer does not need to defend Jake because malpractice policies do not cover instances where the policyholder causes death.

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Definitions:

Single Seller

A market structure in which there is only one provider of a particular good or service, often resulting in monopolistic control over the market.

Barriers To Entry

Factors that prevent or hinder the ability of new competitors to enter and compete in an industry or market.

Monopolists

Entities or individuals that have exclusive control over the production and sale of a particular good or service, allowing them to manipulate market conditions.

Monopolist

A single seller in a market who has significant control over the price and supply of a product or service.