The vexing problem of vanishing premiums has proven to be an expensive lesson for insurance companies on the doctrine of _____-a Latin phrase referring to the doctrine that the master is responsible for the actions taken by his or her servant during the course of duty.
A)respondeat superior
B)reformatio in peius
C)res ipsa loquitur
D)restitutio in integrum
E)res judicata

Question

Quizplus · Accepted Answer

The correct Latin phrase is "respondeat superior," which translates to "let the master answer." This legal doctrine holds an employer or principal legally responsible for the wrongful acts of an employee or agent, if such acts occur within the scope of the employment or agency.

The Vexing Problem of Vanishing Premiums Has Proven to Be