KS Public Adjuster Practice Questions - Kansas Public Adjuster Exam

What does 'subrogation' mean in commercial property insurance?

The policyholder's right to sue the public adjuster The insurer's right to pursue recovery from a third party that caused the loss after paying the insured's claim The process of transferring a policy to a new insurer The public adjuster's right to receive payment

Correct Answer:

The insurer's right to pursue recovery from a third party that caused the loss after paying the insured's claim

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