Insurance Commission Licensure Exam - Non-Life Practice Questions - Insurance Commission Licensure Exam - Non-Life General Insurance Agent (Philippines) Exam

Under the principle of subrogation, what right does the insurer acquire after paying a claim to the insured?

The right to increase the insured's premiums immediately The right to cancel all other insurance policies held by the insured The right to step into the insured's shoes and pursue recovery from the negligent third party The right to seize the insured's remaining property without compensation

Correct Answer:

The right to step into the insured's shoes and pursue recovery from the negligent third party

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