n NISM Certifications
NSM General NISM
Medium

What is subrogation in insurance?

Practice question from IC 38 Mock Test 12 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Transfer of rights from insurer to insured

  2. B

    Transfer of rights from insured to third party

  3. C

    Transfer of rights from third party to insured

  4. Transfer of rights from insured to insurer

    Correct answer

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

Test yourself for real

Take a full General NISM mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.