Bia Bangladesh Practice Test & Exam Prep

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Under the principle of subrogation, at what point does a non-life insurer in Bangladesh acquire the legal right to sue a third party responsible for the loss in the name of the insured?

As soon as the insured reports the loss to the insurer Immediately upon the issuance of the insurance policy Only after the insurer has fully indemnified the insured for the loss Once the insurer files a dispute with the IDRA Arbitration Committee

Correct Answer:

Only after the insurer has fully indemnified the insured for the loss

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