The legal process that gives the insurer, after payment of a loss, the right to seek recovery from a third party that was responsible for the loss is known as

Insurance

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The legal process that gives the insurer, after payment of a loss, the right to seek recovery from a third party that was responsible for the loss is known as

a) Adverse selection.

b) Right of rescission.

c) Principle of indemnity.

d) Subrogation.

Answer: D

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