OTL PRACTICE EXAM C (Q'S & A'S)
PASSED!!
1 of 5
Term
The loss of a right as a result of the non-performance of some
obligation is called
Waiver
Non-waiver
Scienter
Forfeiture
Give this one a try later!
, c. Spread the losses of a few
b. Stock companies over many
b. Subrogation d. Forfeiture
Don't know?
2 of 5
Term
The procedure whereby an insurer may recover a loss, for
which it has paid its insured, from a responsible party is
known as
a. Indemnity
b. Subrogation
c. Retribution
d. Contribution
Give this one a try later!
b. Stock companies b. Subrogation
c. Spread the losses of a few
d. Forfeiture over many
Don't know?
PASSED!!
1 of 5
Term
The loss of a right as a result of the non-performance of some
obligation is called
Waiver
Non-waiver
Scienter
Forfeiture
Give this one a try later!
, c. Spread the losses of a few
b. Stock companies over many
b. Subrogation d. Forfeiture
Don't know?
2 of 5
Term
The procedure whereby an insurer may recover a loss, for
which it has paid its insured, from a responsible party is
known as
a. Indemnity
b. Subrogation
c. Retribution
d. Contribution
Give this one a try later!
b. Stock companies b. Subrogation
c. Spread the losses of a few
d. Forfeiture over many
Don't know?
