An Insurer's Liability Is Limited by

question 64

Multiple Choice

An insurer's liability is limited by

• A)the doctrine of subrogation.
• B)contribution.
• C)the doctrine of utmost good faith.
• D)b and c.
• E)All of these.

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Definitions:

Middle-class Americans

Individuals or families in the United States that fall into a socio-economic group characterized by moderate income, education levels, and occupation types, typically perceived as the backbone of American economy and culture.

Spendthrifts

are individuals who spend money imprudently and extravagantly, often depleting their financial resources.

Wealth

The abundance of valuable financial assets or physical possessions which can include money, properties, and natural resources.

Wages

Payments received by employees for their labor or services, typically calculated on an hourly, daily, or weekly basis.