Which one (1) of the following best describes the status of a driver of an automobile who is insured under Workers' Compensation and is injured in an accident?

icon
Related questions
Question

help

Which one (1) of the following best describes the status of a driver of an automobile who is insured under Workers'
Compensation and is injured in an accident?
OA) Benefits will be paid under the Accident Benefits section of the driver's O.A.P.1 Owner's Policy.
OB) The driver may choose to sue the person liable for the accident instead of applying for Workers Compensation
benefits.
OC) The driver's O.A.P.1 Owner's Policy becomes secondary to the Workers' Compensation benefits.
OD) The driver may not claim against his/her own O.A.P.1 Owner's Policy insurer.
Transcribed Image Text:Which one (1) of the following best describes the status of a driver of an automobile who is insured under Workers' Compensation and is injured in an accident? OA) Benefits will be paid under the Accident Benefits section of the driver's O.A.P.1 Owner's Policy. OB) The driver may choose to sue the person liable for the accident instead of applying for Workers Compensation benefits. OC) The driver's O.A.P.1 Owner's Policy becomes secondary to the Workers' Compensation benefits. OD) The driver may not claim against his/her own O.A.P.1 Owner's Policy insurer.
A mortgagee is entitled to certain consideration in the event of a loss to property when indicated as the mortgagee
on an insurance policy. Which one (1) of the following is the consideration?
OA) The mortgagee is entitled to the proceeds of the insurance to the extent of its financial interest in the
property.
OB) The mortgagee is entitled to the full proceeds of the insurance.
OC) The insured and the mortgagee are permitted to consider the loss and decide between them how much
each will receive.
OD) The insurer pays the entire loss to the insured who is required to satisfy the mortgagee.
Transcribed Image Text:A mortgagee is entitled to certain consideration in the event of a loss to property when indicated as the mortgagee on an insurance policy. Which one (1) of the following is the consideration? OA) The mortgagee is entitled to the proceeds of the insurance to the extent of its financial interest in the property. OB) The mortgagee is entitled to the full proceeds of the insurance. OC) The insured and the mortgagee are permitted to consider the loss and decide between them how much each will receive. OD) The insurer pays the entire loss to the insured who is required to satisfy the mortgagee.
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer