A. abrogate the contract
B. re-insure the property
C. take over any legal rights of the insured
D. take over all the liabilities of the insured
Correct Answer: Option C
C. take over any legal rights of the insured
Explanation
In simple words, the Subrogation Principle in Insurance means; when the insurer (insurance company) pays full compensation for any insured loss (of insured property), the insurer (insurance company) holds the legal right (claim) of the insured property.
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