The insurance principle that allows an insurance company ...
The insurance principle that allows an insurance company to take over the rights of the insured once he has been compensated is
indemnity
proximate cause
utmost good faith
subrogation
Correct answer is D
In the event of an insurance claim, “subrogation” refers to the process by which your insurance company collects money from the party at fault (or their insurance company) in order to recover funds you or your insurance company have already paid, including your deductible
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The service of a textile worker are an example of? ...
The conversion of raw material into finished products creates ...
Commercialization of government corporations brings about an increase in the level of? ...
The creation of utilities is to satisfy human wants is referred to as? ...