Explain the law of agency as it relates to insurance

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Reference no: EM133665268

Problem

A. Why do insurance companies invest so much of their money in bonds, even when yields are low?

B. In your own words, what is reinsurance and why is it important to insurance companies that cover homes in Florida?

C. Explain subrogation, which is often included in insurance contracts. Give an example of how it might work.

D. Explain the "law of agency" as it relates to insurance.

E. Explain the term "indemnity" as it relates to insurance

Reference no: EM133665268

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