OTL PRACTICE EXAM C (Q'S & A'S) PASSED!!

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



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, c. Spread the losses of a few
b. Stock companies over many




b. Subrogation d. Forfeiture


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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



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b. Stock companies b. Subrogation




c. Spread the losses of a few
d. Forfeiture over many


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