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What is the term for the legal doctrine that allows an insurer to pursue a third party who caused a loss?
Answer
Subrogation
In liability insurance, what is the term for the insurer's obligation to provide legal representation for the insured?
Answer
Duty to defend
In what year did the United Kingdom introduce compulsory motor insurance?
Answer
1930
What is the name of the European Union's regulatory framework for insurance solvency?
Answer
Solvency II
What is the name of the insurance principle that prevents the insured from profiting from a loss?
Answer
Indemnity
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What is the largest health insurance company in the United States by revenue?
Answer
UnitedHealth Group
What is the term for insurance that covers a group of people under a single policy?
Answer
Group insurance
What is the term for a type of life insurance that pays dividends to policyholders?
Answer
Participating life insurance
What is the name of the federal law that created the state-based system of insurance regulation in the U.S.?
Answer
McCarran-Ferguson Act