'/><rect width='800' height='360' fill='url(%23dots)'/><g transform='translate(120 80)'><g stroke='%23ffffff' stroke-opacity='0.2' stroke-width='1'><line x1='0' y1='40' x2='560' y2='40'/><line x1='0' y1='100' x2='560' y2='100'/><line x1='0' y1='160' x2='560' y2='160'/></g><g fill='%23ffffff' fill-opacity='0.35'><rect x='10' y='140' width='30' height='40' rx='3'/><rect x='60' y='120' width='30' height='60' rx='3'/><rect x='110' y='100' width='30' height='80' rx='3'/><rect x='160' y='80' width='30' height='100' rx='3'/><rect x='210' y='60' width='30' height='120' rx='3'/><rect x='260' y='40' width='30' height='140' rx='3'/><rect x='310' y='30' width='30' height='150' rx='3'/><rect x='360' y='20' width='30' height='160' rx='3'/></g><path d='M 25 150 Q 125 110 175 95 T 325 35 L 395 15' fill='none' stroke='%23ffffff' stroke-width='5' stroke-linecap='round'/><circle cx='395' cy='15' r='12' fill='%23ffffff'/><circle cx='395' cy='15' r='6' fill='%23FF801E'/><g transform='translate(460 -10)' fill='%23ffffff' fill-opacity='0.85'><path d='M 0 30 L 30 0 L 60 30 L 45 30 L 45 70 L 15 70 L 15 30 Z'/></g></g></svg>)
Options
- A
appoint itself as a nominee in other insurance policies
- B
stake a claim in the property of the insured
-
recover part of the losses from another person or entity
Correct answer
- D
become a legal counter party if any suit is filed by a third party
Why this is the answer
Subrogation allows the insurer to pursue recovery from third parties responsible for the insured’s loss after paying the claim.
Test yourself for real
Take a full NISM Series X mock test.
Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.