Question on: JAMB Commerce - 2015
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 third party.
C
Only a person who is likely to suffer loss hold take out an insurance cover
D
There must be accuse connection between the actual loss suffered and risk insure
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Correct Option: B
The option is in line with the principle of subrogation
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