________ means the transfer of all the rights and remedies available to the insured in respect of the subject matter to the insurer after indemnity has been effected.

Related MCQs

• ______ is an agreement whereby the insurer agreed to indemnity the insured against marine losses
• The interest which insured has in the subject matter of the insurance is called …………………………………….
• _________ is a contract between two insures i.e. original insurer and another insurer.
• The insurer agrees to compensate the insurer in consideration of a sum of money is called
• ………………………………………. Is a valid contract between the insured and the insurer
• Human life is the subject matter of a contract of_______________
• The subject matter of insurance is ___________
• _________means as complete loss or destruction of the subject matter in the policy
• Which is not a subject matter of marine insurance
• Which of the following insurance contract is not based on the principle of indemnity