Which of the Following Statements About Subrogation Is Not Correct? A

Question 19
Multiple Choice

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.