JAMB Commerce 1999 Question 24

The principle of subrogation states that

1. A.an insured person should be indemnified to the tune of the amount insured
2. B.an insurance company can stand in place of the insured in dealing with third party
3. C.only a person who is likely to suffer loss should take out an insurance cover
4. D.there must be a close connection between the actual loss suffered and risk insured.