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under the principle of subrogation, the insurer has the right to?

Commerce
WAEC 2017

under the principle of subrogation, the insurer has the right to?

  • A. abrogate the contract
  • B. re-insure the property
  • C. take over any legal rights of the insured
  • D. take over all the liabilities of the insured
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Correct Answer: Option C
Explanation

In simple words, the Subrogation Principle in Insurance means; when the insurer (insurance company) pays full compensation for any insured loss (of insured property), the insurer (insurance company) holds the legal right (claim) of the insured property.

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