BFN203
Question: is when the insurance company acquires legal rights to pursue recoveries on behalf of the insured
Answer: Subrogation
Question: Commercial mortgages are used to finance for business purposes
Answer: Real estate
Question: is when the cause of loss must be covered under the insuring agreement of the policy, and the dominant cause must not be excluded.
Answer: Proximate
Question: Intellectual property rights does not include
Answer: contract
Question: is one of the disadvantages of Diversification.
Answer: Double Dip
Question: Value investment involves buying undervalued securities while selling overvalued ones out of the investment portfolio in the
Answer: Capital market
Question: AÂ emergency fund allows you to save for emergencies occasioned by events such as loss of job and major natural disaster like an earthquake or fire.Â
Answer: long-term
Question: implies that the insured and the insurer are bound by a good faith, bond of honesty and fairness.
Answer: Uberima fides
Question: are mostly sold either at premium or at discount.
Answer: Debentures
Question: accounts are associated with commission on turnover on the basis of the number of transactions on the account in a given period of time
Answer: Current
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