Which is the core principle that justifies the insurer's right to recover the amount paid as a claim from the negligent third party?Proximate CauseIndemnityContributionSubrogation
Question
Which is the core principle that justifies the insurer's right to recover the amount paid as a claim from the negligent third party?Proximate CauseIndemnityContributionSubrogation
Solution
The core principle that justifies the insurer's right to recover the amount paid as a claim from the negligent third party is Subrogation.
Similar Questions
What principle asserts that the insurance will pay only once, even if the insured holds multiple policies?ContributionSubrogationIndemnityProximate cause
example of misrepresentation to an insurer. The insurer refused to pay claims made under the policy following a car accident where the insurer was able to prove that the insured, the parents of the driver had no insurable interest in the vehicle. Additionally, the insured had misrepresented the facts by saying they owned the vehicle and that their son was an occasional driver, when actually, the son owned the vehicle and was an exclusive driver.No worries, learning is a process!Contributory negligenceInsuranceMorrow caseMaccabe case
A third party property car insurance will cover A.the damages on the car of the other party but not the insured's own car damages if the insured is at fault.B.the legal liabilities if the driver kills or injures someone else in a car accident.C.the damages to the car of the insured driver if at fault and if the other driver is not insured.D.the damages on the insured's own car but not the other party's car damages if the insured is at fault.
The insurer should carefully examine the contract to understand the extent of the insurer's obligation, including the exemption and exclusion clauses, and conduct that may limit the insured's right to be indemnified.Choose matching termUnderstanding your insurance policySections of the Employment Standards CodeGeneral damages.Torts and criminal law20 of 20
What happens if the insured tenant and the insurance company fail to agree on the amount of loss?*1 pointEither the tenant or the company can request an appraisal, so that an impartial third party determines the amount of lossThe insurance policy becomes null and voidThe insurance company is forced to pay the current online market price for the itemThe landlord or owner of the building must make up the difference in the disputed value
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.