The right of an insurance company to stand in place of an insured against a third party; who is liable for the occurrence of a loss; is the principle of?

By: |Published on: Dec 13|Categories: Commerce JAMB| 0 comments

A. proximate cause
B. insurable interest
C. insurance priority
D. subrogation

Correct Answer:

Option C – insurance priority

Users Also Read These:

SEE ALSO  A manufacturer of goods that are seasonally demanded will be in dire need of a?

Copyright warnings! Do not copy.