The principle of subrogation allows the insurer to:
A. Transfer the risk to a reinsurance company.
B. Recover the amount paid to the insured from a third party.
C. Reject the insured’s claim for indemnity.
D. Increase the premium amount for the insured.
Answer:B
The principle of subrogation allows the insurer to:
A. Transfer the risk to a reinsurance company. B. Recover the amount paid to the insured from a third party. C. Reject the insured’s claim for indemnity. D. Increase the premium amount for the insured.