The principle of subrogation is intended to:
A. Compensate the insured for their loss.
B. Prevent the insured from filing fraudulent claims.
C. Transfer the insured’s rights to the insurer after a claim settlement.
D. Shift the risk of loss to a third party.
Answer:C
The principle of subrogation is intended to:
A. Compensate the insured for their loss. B. Prevent the insured from filing fraudulent claims. C. Transfer the insured’s rights to the insurer after a claim settlement. D. Shift the risk of loss to a third party.