under the principle of subrogation, the insurer has the right to?
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: C
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.
