MN Public Adjuster Practice Questions - Minnesota Public Adjuster Exam

What is 'subrogation' and how does it affect a Minnesota policyholder?

A type of insurance fraud The insurer's right to pursue a responsible third party to recover claim payments; the insured must not take actions that impair the insurer's subrogation rights The policyholder's right to get a refund A method of canceling an insurance policy

Correct Answer:

The insurer's right to pursue a responsible third party to recover claim payments; the insured must not take actions that impair the insurer's subrogation rights

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