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Principle of Subrogation in Insurance by bhavneetdhiman2789 is a document available to read on EtoBox.
The Principle of Subrogation allows insurers to recover losses from third parties after compensating the insured, thereby preventing double recovery. Originating from Roman law, it has been recognized in both common law and equity. This principle primarily applies to general insurance contracts, ensuring that the insured is compensated only for their actual loss.
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- bhavneetdhiman2789
- Language
- EN