Examlex
Which of the following is not considered a unilateral transfer?
Policy Limits
The highest sum an insurer will disburse for a claim covered by the policy.
Subrogation Clause
A clause in an insurance policy that allows the insurer to assume the legal rights of the insured to seek recovery from third parties responsible for causing an insured loss.
Faulty Stove
A stove that has defects or malfunctions, potentially causing inconvenience or danger to users.
Homeowners' Insurer
An insurance company that provides policies to homeowners, covering losses and damages to an individual's house and assets in the home.
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