Commercial Law, 2011 Bar — Question 60

MULTIPLE CHOICE

Where the insurer was made to pay the insured for a loss covered by the insurance contract, such insurer can run after the third person who caused the loss through subrogation. What is the basis for conferring the right of subrogation to the insurer? A) Their express stipulation in the contract of insurance. B) The equitable assignment that results from the insurer's payment of the insured. C) The insured’s formal assigmnent of his right to indemnification to the insurer. D) The insured's endorsement of its claim to the insurer.

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