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
Securities on which the buyers are not issued with certificate are called? ...
Foreign trade transactions are carrried out through the use of ...
In CIF contracts, risk passes at the time of shipment but the property does not pass until? ...
A symbol that is used to distinguish a company's product from others is a ...
Specialization is possible as a result of ...
Which of the following is not suitable for fire purchase? ...
An insurance principle which prevents an insured from making profit when compensated is known as ...