Q. "Subrogation" in insurance means:
Answer: The insurer’s right to recover the claim amount from a third party responsible for the loss
Notes: Subrogation refers to the insurer’s legal right to seek recovery of the claim amount from a third party who caused the loss.
Question Source: 📚This question is part of Banking Awareness - 2025-26 course in GKToday's Android Application. The Course comprises 2400+MCQs on Banking & General Financial Awareness with explanation for All Banking Exams of 2025-26 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations. Download the app here.
📌 Question Number: 18 in Important Terms Related to Insurance Sector in the above course in App.