Commerce JAMB

The principle of subrogation stated that?

A. An insured person should be indemnified to the time of the amount insured
B. An insurance company constant in lace of the insured in dealing with a third party.
C. Only a person who is likely to suffer loss hold take out an insurance cover
D. There must be accused connection between the actual loss suffered and risk insure

Correct Answer:

Option B – An insurance company constant in lace of the insured in dealing with a third party.

Explanation

The option is in line with the principle of subrogation

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