What is subrogation?

  • What is subrogation?
    • A.

      Property saved from a loss.

    • B.

      The sharing of loss between two or more insurance companies covering the same risk.

    • C.

      Not considered to be a principle that reinforces indemnity.

    • D.

      The legal process by which an insurer who has paid a loss pursues rights of recovery against a responsible third party.

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