Business Studies

The aim of doctrine of subrogation is ___________________.


ANSWER

that the insured should not get more than the actual loss or damage


SOLUTION
Option B is correct.
The principle or the doctrine of subrogation states that after the insured is paid compensation for the loss or damage caused, the ownership of the property that was insured passes to the insurer. 

This implies that the insured needs to surrender the property to the insurer i.e. the insurance company and cannot make any profit by selling its scrap.
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Single Correct Medium Published on 18th 08, 2020
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