The right of an insurance company to stand in place of an insured against a...
COMMERCE
JAMB 2012
The right of an insurance company to stand in place of an insured against a third party , who is liable for the occurrence of a loss, is the principle of
- A. proximate cause
- B. insurable interest
- C. insurance priority
- D. subrogation
Correct Answer: C. insurance priority
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