Which of the following best defines subrogation? It is the right of an insurer to assume the legal rights of the insured.
A)It is the right of an insurer to claim warranty in case of breach of contract.
B)It is the right of an insurer to assume the legal rights of the insured.
C)It is the right of an insured to conceal certain facts from the insurer.
D)It is the right of an insurer to deny life insurance claims in the case of suicide.

Question

Quizplus · Accepted Answer

Subrogation is the legal principle allowing an insurer to legally pursue a third party that caused an insurance loss to the insured. This is done to recover the amount of the claim paid by the insurance company to the insured for the loss.

Which of the Following Best Defines Subrogation? It Is the Right