Subrogation is:

Subrogation is:
A . legal right of the distributer to recover from vendors who may be wholly responsible for the loss paid under the terms of the agreement.
B . legal right of the insurer to recover from a third party who may be wholly or partly responsible for the loss paid under the terms of the policy.
C . legal right of the claimer to recover from the organization that may be wholly or partly responsible for the loss paid under the terms of the company’s policy.
D . legal right of the business to recover from a third party who may be wholly responsible for the loss paid under the terms of the policy.

View Answer

Answer: B