After a claim has been paid, any recovery rights applying to the amount paid by the insurance company belong to:

The insured.

The insurance company.

Both the insured and the insurance company.

Either the insured or the insurance company, depending upon which paid the greater share of the loss.

Answer: The insurance company.

Alabama Property and Casualty

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All of the following are considered limited lines of authority EXCEPT
What is the other term for the cash payment settlement option?
The pro rata liability clause is designed to protect the principle of
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A beneficiary change can occur
No existing agent's license will be revoked until
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A type of group that has a constitution and bylaws and has been organized for purposes other than obtaining insurance is called a(n)
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How many pair of glasses in a 12-month period will a vision expense insurance plan cover?
The voluntary relinquishment of a legal right is called
What documentation grants express authority to an agent?
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All of the following statements are true regarding installments for a fixed amount EXCEPT
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What is the benefit of choosing extended term as a nonforfeiture option?
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