Subrogation in insurance law is the
A) process of making additions to coverage under an insurance policy through use of riders.
B) protection afforded an employee under a fidelity bond.
C) acquisition by the insurer of the insured's right to sue third parties upon the insurer paying the insured's losses.
D) selling of book debts without recourse to a factor.
E) insurer's right to retain damaged goods and recover the residual value of them when an insurance payout has been made.
Correct Answer:
Verified
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