JAMB Commerce 2014 Objective — Question 19
Question 19 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2014 Objective paper, with the correct answer and a full explanation.
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The insurance principle that allows an insurance company to take over the rights of the insured once he has been compensated is
- A. indemnity
- B. proximate cause
- C. utmost good faith
- D. subrogationCorrect
Explanation
After an insured has been fully indemnified, the ownership of the remains goes to the insurance company — this is the principle of subrogation.
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