Claims Adjuster Practice Questions - Claims Adjuster License Exam

What is subrogation in insurance?

The cancellation of an insurance policy by the insured The transfer of the insured's right to recover damages from a third party to the insurer The process of renewing an expired insurance policy The assignment of policy benefits to a creditor

Correct Answer:

The transfer of the insured's right to recover damages from a third party to the insurer

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