Under the Right of Subrogation, the Insurer _____

question 13

Multiple Choice

Under the right of subrogation, the insurer _____.

• A) is obliged to pay only the face amount of the policy if the insured dies within a specified period of time; which is the term of the policy
• B) obtains all of the insured's rights to pursue legal remedies against anyone who may have negligently or intentionally damaged the insured property
• C) obtains all of the insured's rights to pursue legal remedies only against those persons who have intentionally damaged the insured property
• D) is obliged to pay the face value of the policy on the death of the insured and the specified premium for the duration of his/her life

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Definitions:

Small P-value

In statistical hypothesis testing, a small p-value indicates strong evidence against the null hypothesis, suggesting that the observed data is unlikely under the assumption of no effect or no difference.

Null Hypothesis

A statistical assumption that indicates no effect or no difference in a particular context, used as a starting point for hypothesis testing.

P-value

A statistical measure that helps scientists determine the significance of their research results by comparing the observed data against a specific hypothesis.

P-value

A statistical measure that indicates the probability of the observed data (or something more extreme) under the assumption that the null hypothesis is true.