________ means the transfer of all the rights and remedies available to the insured in respect of the subject matter to the insurer after indemnity has been effected.
A)Subrogation
B)Indemnity
C)Contribution
D)none

Question

Quizplus · Accepted Answer

Subrogation is the principle in insurance where, after the insurer has compensated the insured for a loss, the insurer acquires all the rights and remedies the insured had against third parties in relation to that loss. This allows the insurer to recover the amount paid to the insured from those responsible for the loss.

________ Means the Transfer of All the Rights and Remedies