Question

means transfer of all rights and remedies, with respect to the subject matter of insurance, from insured to insurer.
Contribution
O Subrogation
Legal hazard
Risk pooling.​

Answer 1

Answer:

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Explanation:

Answer 2

"Subrogation" means the transfer of all rights and remedies, with respect to the subject matter of insurance, from the insured to the insurer. (option 2nd)

• The principle of subrogation, is the substitution of a person or group of persons, by another, in relation to the debt claims in insurance. Under subrogation, all the rights and remedies are transferred from the insured to the insurer.
• Contribution applies when an insured has taken more than one policy for the same matter of subject. This principle holds each of the two or more insurers liable to participate in the payment of a covered loss.
• A legal hazard means that a loss could take place due to any legal process or action.
• Risk pooling refers to evenly distributing the financial risk among a large number of contributors.