Briefly explain the concept of subrogation in the context of property insurance.
Question:
Briefly explain the concept of “subrogation” in the context of property insurance.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (5 reviews)
Property or firstparty insurance consists of a contract between the insured and the insurer The insured is worried that its property may be lost damaged or destroyed If so it will suffer a loss It the...View the full answer
Answered By
Joram mutua
I am that writer who gives his best for my student/client. Anything i do, i give my best. I have tutored for the last five years and non of my student has ever failed, they all come back thanking me for the best grades. I have a degree in economics, but i have written academic papers for various disciplines due to top-notch research Skills.In additional, I am a professional copywriter and proofreader.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Managing the Law The Legal Aspects of Doing Business
ISBN: 978-0133847154
5th edition
Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer
Question Posted:
Students also viewed these Business questions
-
Briefly explain the concept of fund accounting.
-
Briefly explain the concept of supply-chain management.
-
Briefly explain the concept of return-on-investment pricing?
-
Write a paper on the brothers karamazov, fyodor dostoyevsky creates a conversation between two brothers: the cynical ivan, and the devoutly religious and earnest alyosha. In their dialogues...
-
Analysis of flexible budgets and standard costs emphasizes the importance of a similar unit of measure for meaningful comparisons and evaluations. When Apple compiles its financial reports in...
-
You invested $20,000 in two accounts paying 7% and 9% annual interest. If the total interest earned for the year is $1550, how much was invested at each rate?
-
Noah A. Messing owns the property at 10 Deepwood Drive (the Property) in the Town of Hamden (the Town). He purchased the Property in 2018. The Property sits at the bottom of a hilly road. Until 2016,...
-
Smith owned Blackacre in fee simple absolute. In section 3 of a properly executed will, Smith devised Blackacre as follows: I devise my farm Blackacre to my son Darwin so long as it is used as a...
-
What is the output of the following C++ program? #include using namespace std; void fun1 (int & n ) { n } * = 4; int fun2( int n) { n += 10; return n-2; } void main() { int number; cin >> number;...
-
? On January 1, 20X2, Page Company acquired 70% of the outstanding common shares of Sage Ltd. for $45,500 in cash. On that date, Sage had $20,000 in common shares outstanding and $20,000 in retained...
-
The Beautiful Boy Modelling School hired Keith to prepare commercial artwork for its company materials. Upon completion of the work, Keith invoiced the school for $1600 and was promptly paid. Later,...
-
Define the term indemnification. Explain how the concept of indemnification affects the ideas of (i) an insurable interest, (ii) excessive insurance and insufficient insurance, and (iii) contribution...
-
MicroSorts YSORT gender selection technique is designed to increase the likelihood that a baby will be a boy. At one point before clinical trials of the YSORT gender selection technique were...
-
The following methods are standard ways of fault finding Programmable Logic Controller (PLC) programs: i. Watchdog timers Last output set ii. iii. Replication checks iv. Expected value checks Briefly...
-
4) What is the sum of the forces on these bodies? 5k a) c) 7k 80plf 30' b) 4k 50k N 30k 30' 300# - 80k 45
-
Consider the 2-D rectangular region 0x a, 0 y b, which is ini- tially at temperature F(x, y). For t > 0, internal energy is generated at a constant rate go (W/m) and the region is subjected to the...
-
4. Complete the energy balance equation using heat transfer equations. In this case, convection coefficient his a constant? Tsur qconv grad acond
-
A jet of length L = 13.5 m is travelling at V = 580 m/s at an altitude of h = 6000 m. At this altitude, the speed of sound is c = 316 m/s. What is the Mach number? Express your answer to three...
-
Throughout the country, the proportion of first time, first-year community college students who return for their second year of studies is 0.52 according to the Community College Survey of Student...
-
Fred Farmer needs to prepare a balance sheet for his bank. He spent the day getting the following information. Fred needs your help to build a balance sheet and evaluate it. The information was...
-
Sylvan was employed as the garage manager for Tough Lucys Trucking Ltd for seven years. During that time, he reported directly to the owner, Lucy LaRue. Sylvan proved to be an exemplary manager. He...
-
Shortly after his high-school graduation, Sweyn agreed to help his older sister, Svetlana, and her husband construct their home. The first day, Sweyn wore tennis shoes instead of proper boots....
-
A few years ago, Chuckie Norris was promoted from a forklift operator to parts manager at Trailrocks Inc. Ever since, he has learned much about how to run a dealership. His natural curiosity and...
-
Use the functions f(x) = 2x + 7 and g(x) = 6x - 5 to complete the function operations listed below. Part A: Find (f + g)(x). Show your work. (3 points) Part B: Find (f. g)(x). Show your work. (3...
-
2. The concentration of salt x in a homemade soap maker is given as a function of time by dx dt . = 37.5 3.5x At the initial time, t = 0, the salt concentration in the tank is 50 g/L. i) Using...
-
5. Let A={1,2,3,4} and B={1,2,3}. Let f: A B, f={(1,3), (2,1), (3,2), (4,2)}. a) Is fa function? Consider the function definition to justify your answer. b) Is the compound relation ff 1 (first f and...
Study smarter with the SolutionInn App