under the principle of subrogation, the insurer has the right to?
-
A.
abrogate the contract -
B.
re-insure the property -
C.
take over any legal rights of the insured -
D.
take over all the liabilities of the insured
Correct Answer: Option C
Explanation
In simple words, the Subrogation Principle in Insurance means; when the insurer (insurance company) pays full compensation for any insured loss (of insured property), the insurer (insurance company) holds the legal right (claim) of the insured property.