The rule in insurance law that allows an insurer to substitute one thing for another is known as the doctrine of:

Name: The rule in insurance law that allows an insurer to substitute one thing for another is known as the doctrine of:
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Subrogation is the legal doctrine in insurance law that allows an insurer to pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim paid by the insurance company to the insured for the loss.

The Rule in Insurance Law That Allows an Insurer to Substitute