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Commerce · Q1044

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 1044

Q1044

Which purpose of the following is to hold the negligent person responsible for the loss and prevent the insured from collecting twice for the same loss?

A.
Subrogation
Answer
B.
Indemnity
C.
Insurable interest
D.
Contribution

Answer: Option A

Solution

Answer: Option A
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