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What best explains the principle of subrogation in insurable?

What best explains the principle of subrogation in insurable?
  • A.
    Both parties of the insurance contract must deal openly and honestly with each other and disclose all relevant facts
  • B.
    The right that a person has to stand in the place of another and enjoy all the rights and remedies of that other person
  • C.
    There must be a close connection between the risk insured against and the cause of the loss
  • D.
    The insurer who insures the same risk with more than one insurer can only recover to the extent of the loss and nothing more, in the occurrence of the event
  • E.
    The insured discloses all the material facts which would affect the premium which the insurer charges
Correct Answer: Option B
Explanation