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Get Full Essay Get access to this section to get all help you need with your essay and educational issues. B are involved in a motor accident.
Both parties believe that the other is at fault for the accident occurring. B believes that Mr. X is responsible for the damage to his motor vehicle and Mr. X believes that Mr. B is responsible for the damage to his motor vehicle.
B, insurance was taken out for his motor vehicle through the Mr. B Family Trust hereinafter referred to as the B family trust. In other words the insurance contract for this motor vehicle is with the B Family Trust and not in the name of Mr.
B submits a claim to the insurer for the damage to his motor vehicle. The insurer accepts Mr. B is indemnified by the insurer. X is then sued by the insurer on behalf of Mr. B in order to recover the amount that was paid towards the repair of Mr.
B being indemnified a doctrine of subrogation is possible. Summons is therefore issued to MR. X with regard to this matter. X however is unsure if there is any justification for this action of subrogation. X also has no prior knowledge or experience with such a situation and therefore seeks legal advice as to how to proceed with this matter.
This assignment will discuss the advice given to Mr. X with regards to if there are any grounds for a doctrine of subrogation as well as what actions Mr.
X should take in respect of his defence. Another factor to be discussed is in whose name the insurer should be suing Mr.
Furthermore it will be discussed if Mr.Risk management.
Loss exposures. Insurance policies. Course Level. Intermediate. Suggested Self-Study Time. Quickly get up to speed on how to read insurance policies and how to identify loss exposures. Sample Course Materials View a PDF of all AINS 21 assignments View a PDF of an AINS 21 assignment excerpt;.
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The risk mitigation stage involves prioritizing, implementing, and maintaining appropriate risk-reduction measures that are recommended in the risk assessment process, while the ongoing risk evaluation and assessment stage asks that the organization continuously evaluate their risk management activities in .
Insurance and Risk Management IIA Assignment Essay Sample. Mr. X and Mr.B are involved in a motor accident. Both parties believe . Insurance and Risk Management IIA Assignment Essay Sample. Mr. X and Mr.B are involved in a motor accident. Both parties believe that the other is at fault for the accident occurring.
VENDOR MANAGEMENT Introduction to Vendor Management o Legal Risk – Insurance certificate o Info Security Risk –SSAE 16 Common mistake #2: Don’t let IT/Info Sec control the Due Diligence Assignment Tip #3: Remember/customer it is a give and take process.