Business Services-1 — OCM STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceOCMBusiness Services-12 Marks
Question
When does the principle of subrogation apply ?
✓
Answer
When the object insured is perished and insurance company pays its compensation there after the principle of subrogation is applied and the ownership of that perished asset belongs insurance company.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.