General Knowledge · Insurance Principles
The insurance principle of 'Subrogation' entitles the insurer to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Refuse a claim if the insured contributed to the loss
- 2Triple the premium after a claim is filed
- 3Claim recovery from a third party responsible for the loss after indemnifying the insured✓
- 4Cancel the policy at any time without notice
Correct answer
Claim recovery from a third party responsible for the loss after indemnifying the insured
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