The insurer according to which of the following principle, becomes entitled to all the rights of insured subject matter after payment because he has to pay the actual loss of the property
Correct Answer:
(C) subrogation is substitution
Explanation:
subrogation is substitution

Question

The insurer according to which of the following principle, becomes entitled to all the rights of insured subject matter after payment because he has to pay the actual loss of the property

ObjectiveMcq · Accepted Answer

subrogation is substitution

ObjectiveMcq · Answer

subrogation may be applied for payment

ObjectiveMcq · Answer

doctrine of subrogation

ObjectiveMcq · Answer

subrogation upto the amount of payment