JAMB Commerce 2009 Objective — Question 20
Question 20 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2009 Objective paper, with the correct answer and a full explanation.
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20. The principle of insurance which entitles an insurance company to take any advantage due to the insured after full indemnity is
- A. contribution
- B. subrogationCorrect
- C. proximate cause
- D. utmost good faith
Explanation
The principle of subrogation states that the insurer has the right to take over any right or remains of an item that has been fully indemnified to the insured.
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