Concept:Subrogation lets an insurer take over the insured person's rights to recover money from a third party who caused the loss.
Explanation:After paying a claim, the insurance company stands in the insured's place.
This allows the insurer to sue or claim from the third party responsible for the damage.
For example, if another driver damages your car and your insurer pays you, the insurer may recover that cost from the negligent driver.
Therefore, the principle of subrogation describes the insurer acting in place of the insured.
Answer:B. An insurance company constant in lace of the insured in dealing with third party.