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The principle of subrogation in insurance means that?

The principle of subrogation in insurance means that?
  • A.
    the insured could make profit from his loss
  • B.
    the insured must be fully indemnified
  • C.
    those insured should pool their risks
  • D.
    parties to the insurance contract must reveal all relevant facts
  • E.
    the insurer takes the place of the insured in respect of claims due from third paarties
Correct Answer: Option E
Explanation