The principle of subrogation states that
COMMERCE
JAMB 1999
The principle of subrogation states that
- A. an insured person should be indemnifed to the tune of the amount insured
- B. an insurance company can stand in place of the insured in dealing with third party
- C. oly a person who is likely to sufferrd loss should take take out an insurance cover
- D. ther must be a close connection between the actual loss suffered and risk insured
Correct Answer: B. an insurance company can stand in place of the insured in dealing with third party
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