Which of the following statements about subrogation is NOT correct?
A) Subrogation only applies to contracts of indemnity.
B) For subrogation to apply it must be agreed to by the parties as a term of the contract.
C) Subrogation gives the insurer all the rights of the insured against a third party who caused the loss.
D) Subrogation applies only after the insurer has paid the insured for their loss.
Correct Answer:
Verified
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Q5: Which of the following is an example
Q6: At common law,the insured in every contract
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Q9: Does an innocent misrepresentation in an application
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Q11: The aim of a contract of indemnity
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Q13: Where an insured party intentionally understates their
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