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The principle of subrogation stated that

Commerce
JAMB 2015

The principle of subrogation stated that
  • A. An insured person should be indemnified to the time of the amount insured
  • B. An insurance company constant in lace of the insured in dealing with third party.
  • C. Only a person who is likely to suffer loss hold take out an insurance cover
  • D. There must be accuse connection between the actual loss suffered and risk insure
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Correct Answer: Option B
Explanation
The option is in line with the principle of subrogation

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JAMB CBT 2025 - Candidates, Schools, Centres, Resellers - Get Ready!
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
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