Discussion Part 2
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Part 2:
What are the main parts of an insurance contract and what are they designed to accomplish?
How are insurance contracts interpreted by the courts and regulatory bodies? In a dispute over coverage who has the burden of proof?
What is subrogation as it relates to insurance?
Consider a situation where a professional misrepresents information when acquiring an insurance policy and a third party is injured. What might happen if a claim is made against the insurance company that issued the policy based on fraudulent information? Will the insurance company be liable?
Support your position with a specific case.
Word count 200
Twomey, D. P., & Jennings, M. M. (2014). Anderson’s business
law and the legal environment (22nd ed.). Cengage Learning.
Chapter 36 Part III Insurance Laws
Make sure that you properly cite the e-text or valid sources.
Be sure to address each question in your initial posts.
https://scholar.google.com/scholar_case?case=638747151052347261&q=%22disclaimer+of+insurance+coverage%22&hl=en&as_sdt=4,31
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