The principle of subrogation states that - JAMB Commerce 1999 Question
The principle of subrogation states that
A
an insured person should be indemnifed to the tune of the amount insured
B
an insurance company can stand in place of the insured in dealing with third party
C
oly a person who is likely to sufferrd loss should take take out an insurance cover
D
ther must be a close connection between the actual loss suffered and risk insured
correct option: b
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