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The principle of insurance which entitles an insurance company to take any advantage due to...

Commerce
JAMB 2009

The principle of insurance which entitles an insurance company to take any advantage due to the insured after full indemnity is?

  • A. contribution
  • B. subrogation
  • C. promiate cause
  • D. utmost good faith
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Correct Answer: Option B
Explanation

Subrogation is a term describing a right held by most insurance companies to legally pursue a third party that caused an insurance loss to the insured.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post UTME Past Questions Agent
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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