A willful failure to disclose pertinent information by the insured is known as subrogation.

Name: A willful failure to disclose pertinent information by the insured is known as subrogation.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Subrogation refers to the process by which an insurance company, having paid a loss to its insured, acquires the insured's right to pursue any third party responsible for the loss. Willful failure to disclose pertinent information by the insured is known as concealment or non-disclosure, not subrogation.

A Willful Failure to Disclose Pertinent Information by the Insured