principles of insurance

2. (10 points) Marry has a car for family man who declares to represent JK insurance company finds her, after knowing her insurance demand, he invites her to file an application for auto collision insurance to JK insurance company One day after the purchase of insurance, a reckless driver runs a red light and smashes into Mary's car. The cost to repair the car is $8,000. Mary has collision insurance on her car with a $1000 deductible. After the car is repaired, Mary sell it to Mr. Z. use, she wants to have insurance protection for the car. A (2 points) According to your knowledge, what is the identity of the man who solicit Mary to buy a. insurance? b. (2 points) Can Mary collect from both the negligent driver's insurer and her own insurer? Justify your answer. c. (2 points) If Mary's insurer pays the loss at the earliest time, can it claim payment from the negligent driver? Why? d. (2 points) Insurance contract is said to be a conditional one, for this case, what are the conditions which should be met before Mary can collect from the insurer? e (2 points) When the car is sold to Mr. Z, can Mary assign freely the collision insurance to Mr. z along with the car? Why