Accounting · Insurance Principles
The principle of subrogation in insurance implies which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Indemnification of the insured, preventing them from making a profit out of a loss✓
- 2Auto-renewal of the policy upon expiry
- 3Double recovery of loss for the insured
- 4Investment of the policy amount by the insurer
Correct answer
Indemnification of the insured, preventing them from making a profit out of a loss
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Insurance Principles MCQs →Want more practice questions on Insurance Principles?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Insurance Principles