Business Studies, asked by vpranav75, 4 months ago

____________ refers to the right of the insurer to stand in the place of the insured, after

settlement of a claim​

Answers

Answered by sree123sree
1

Answer:

Subrogation literally refers to the act of one person or party standing in the place of another person or party. Subrogation effectively defines the rights of the insurance company both before and after it has paid claims made against a policy.

Explanation:

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