Answer-The principle of 'subrogation' in insurance refers to:

Subrogation is the right of the insurer, after paying a claim to the insured, to step into the shoes of the insured and pursue legal action against a third party who may be legally liable for the loss.

Question

The principle of "subrogation" in insurance refers to:

A The insured's right to choose any repair shop

B The insurer's right to recover losses from a third party.

C The obligation of the insured to mitigate losses

D The duty of the insurer to settle claims promptly

E None of the above

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The principle of "subrogation" in insurance refers to:

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