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Which statement best explains Subrogation?

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Question ID #26870 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 4 Medium

Which statement best explains Subrogation?

Correct Answer: C. Insurer's right, after paying a loss, to pursue recovery from a responsible third party
Subrogation: Insurer's right, after paying a loss, to pursue recovery from a responsible third party

Question: Which statement best explains Subrogation?

A. Person or property whose risk is covered

B. Life cover for a specified period, generally without savings component

C. Insurer's right, after paying a loss, to pursue recovery from a responsible third party

D. Duty of parties to disclose material facts relevant to insurance contract

Correct Answer: C. Insurer's right, after paying a loss, to pursue recovery from a responsible third partySubrogation: Insurer's right, after paying a loss, to pursue recovery from a responsible third party

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Which statement best explains Subrogation? - MCQ Explanation

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Correct answer: C. Insurer's right, after paying a loss, to pursue recovery from a responsible third party