Question 13 of 25
Subrogation implies that...
A. the insurer acquires the right to take action against thethird party.
B. the insured's rights are placed in the insurer'sposition.
Question 14 of 25
The proximate cause can be described as...
A. events legally caused what result is an extremely difficultlegal problem to prove.
B. the active, efficient cause that sets in motion a train ofevents that brings about the result, the intervention of any forcestarted and working actively from a new and independent source.
C. the active, efficient cause that sets in motion a train ofevents that brings about the result, without the intervention ofany force started and working actively from a new and independentsource.
Question 15 of 25
A competent insurer will not insure a risk that they do notunderstand, or are insurable. The most correct elements ofinsurable risk are...
A. homogeneous, measurable, accidental, inevitable.
B. homogeneous, measurable, accidental.
C. fortuitous, avoidable, measurable, definitive
Question 16 of 25
Factors limiting the insurability of risk is...
A. premium loadings, moral hazard and adverse selection.
B. underwriting risk, moral hazard and adverse selection
