Ahmed had an accident that wasn't his fault. When the insurer paid Ahmed's losses, it attempted to recover the losses by

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Ahmed had an accident that wasn't his fault. When the insurer paid Ahmed's losses, it attempted to recover the losses by

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Ahmed Had An Accident That Wasn T His Fault When The Insurer Paid Ahmed S Losses It Attempted To Recover The Losses By 1
Ahmed Had An Accident That Wasn T His Fault When The Insurer Paid Ahmed S Losses It Attempted To Recover The Losses By 1 (37.87 KiB) Viewed 44 times
Ahmed Had An Accident That Wasn T His Fault When The Insurer Paid Ahmed S Losses It Attempted To Recover The Losses By 2
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Ahmed Had An Accident That Wasn T His Fault When The Insurer Paid Ahmed S Losses It Attempted To Recover The Losses By 3
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Ahmed had an accident that wasn't his fault. When the insurer paid Ahmed's losses, it attempted to recover the losses by taking the negligent third party to court. This is an example of; O a. Subrogation O b. Contribution O c. Utmost good faith O d. Indemnity
Karim is a financial advisor for a large private equity firm. From his years of work, he accumulated some savings and wants to start his own business by building a hotel. He approached Ahli United Bank in order to secure a loan for his upcoming venture. With his equity and loan, he was able to purchase a land from Purple Bricks Realty and finance the construction of his project through signing an agreement with TKO Contractors to build the Hotel in Muharraq. How is Ahli United Bank's insurable interest supported in this scenario? a. Secured creditors O b. Ownership of property O c. Contractual rights d. Potential legal liability
A total loss under a valued policy is settled on the basis of the; a. Replacement cost less depreciation b. Actual cash value at the time of loss C. Fair market value of the loss d. Amount of insurance stated in the policy
Marwa purchased a laptop two years ago that was recently stolen. A similar laptop computer today can be purchased for $1400. Assuming that the laptop was 40 percent depreciated at the time the theft occurred, what is the actual cash value of the loss? a. $840 O b. $1,960 C. $480 O d. $560
If a risk manager is estimating the frequency and severity of losses, this means he/she is; a. Implementing controls b. Selecting a treatment method C. Identifying risks d. Measuring and analyzing risks
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