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What is Subrogation Explained: Key Principles about?
Subrogation is the principle that allows an insurer to assume the rights of the insured to pursue claims against third parties responsible for a loss, preventing unjust enrichment. Originating from Roman law, it was established in English courts and enacted in Nigerian statutes in 1961. The key components of subrogation include the insured
- Author
- michael.jkgadzamallp
- Language
- EN