Multiple choice

The right of ownership of property passes on the insurer after the insured is compensated for the loss of the property insured by him. This implies that it is the principle of

  1. proximate cause

  2. indemnity

  3. mitigation

  4. subrogation

  5. utmost good faith
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

 The principle of subrogation implies that after the insured is compensated for the loss or damage of the property insured by him, the right of ownership of the property passes on to the insurer.

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