When an insurer compensates an insured,it has the right to sue a wrongdoer to recover that compensation.This right is legally known as which of the following?

Question

Quizplus · Accepted Answer

The right of an insurer to sue a wrongdoer to recover the compensation paid to an insured is known as subrogation. This allows the insurer to recover some or all of the costs incurred by compensating the insured due to the actions of a third party. Option A and B are not relevant in this context, and forfeiture refers to the loss of rights or property due to a legal violation.

When an Insurer Compensates an Insured,it Has the Right to Sue