The principle of subrogation stated that
...The principle of subrogation stated that
An insured person should be indemnified to the time of the amount insured
An insurance company constant in lace of the insured in dealing with third party.
Only a person who is likely to suffer loss hold take out an insurance cover
There must be accuse connection between the actual loss suffered and risk insure
Correct answer is B
The option is in line with the principle of subrogation
Charges for loans paid by commercial banks to the Central Bank of Nigeria are called? ...
Spot market goods are those which are available for ...
The concept that refers to the sale, transfer or exchange of goods and service is? ...
An offer by one company to buy up all or greater part of another company's share is known as? ...
Which of the following can be defined as trade and aids to trade? ...
Which of the following is not contained in a deed of partnership? ...
One major characteristic of credit unions and thrift societies is that? ...
Those involved in obtaining the gifts of nature from land and sea are engaged in? ...