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  Which of the following statements correctly describes the term Subrogation?

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  b) The insurer has the right to pursue the wrong-doer in the insured’s name.

  c) The insured must inform the insurer in writing of any change of circumstances which can increase the possibility of loss, injury or damage.

  d) The insurer and the insured have the right to cancel the policy if mutually agreed upon.

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  BCP Exam Question:

  Which of the following is a method to use such that a risk and its potential financial consequences can be transferred to another party without the use of insurance?

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  b) Risk pooling

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  ComGI Exam Question:

  Which of the following terms correctly describes a situation where an individual who is liable for an accident is under the control of some other person or organization, and who, therefore, transfers liability to that party in control?

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