Transfer of rights and remedies of the insured to the insurer after indemnity has been effected is called ______________.

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Transfer of rights and remedies of the insured to the insurer after indemnity has been effected is called ______________.

 Options:

 

A. Insurable interest
B. Subrogation
C. Proximate clause
D. Money back policy

 

The Correct Answer Is:

  • B. Subrogation

Conclusion

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