Transfer of rights and remedies of the insured to the insurer after in – McqOptions

MCQOPTIONS

1.	Transfer of rights and remedies of the insured to the insurer after indemnity has been effected is called
A.	insurable interest
B.	subrogation
C.	proximate cause
D.	mitigation of loss
Answer» C. proximate cause

Discussion

No Comment Found

Related MCQs

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFASIA) came into effect on.............
The first Indian public sector bank which introduced its own merchant bank division in India
A central bank is an institution charged with responsibility of regulating supply and cost of money in the interest of general public . This definition was made by;
Industrial banks are also called .......... as they subscribing the securities issued by the industrial concerns.
.......... Ratio refers to that portion of total deposits of commercial bank which it has to keep with central bank in the form of cash reserve.
Transfer of rights and remedies of the insured to the insurer after indemnity has been effected is called
Certain percentage of the sum assured is paid periodically according to.......... policy
This policy covers all risks to the ship and its cargo while the ship is at a particular port.
............ policy matures on the assureds death or on his attainment of particular age whichever is earlier
......... is an agreement whereby the insurer agrees to indemnify the insured against losses due to sea and port perils