Question

What is subrogation in the context of insurance?

a.

It's the process of transferring rights and remedies from the insurer to the insured.

b.

It's the process of transferring insurance policies between insurers.

c.

It's the process of switching insurers during a policy term.

d.

It's the process of transferring insurance claims from the insured to the insurer.

Answer: (d).It's the process of transferring insurance claims from the insured to the insurer. Explanation:Subrogation involves transferring rights and remedies for insurance claims from the insured to the insurer.

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Q. What is subrogation in the context of insurance?

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