By entering into an insurance contract, a policy holder transfers the right of legal action against a responsible third party to the insurer. This process is known as

By entering into an insurance contract, a policy holder transfers the right of legal action against a responsible third party to the insurer. This process is known as



a. Insurable interest


b. Coinsurance


c. Subrogation


d. Abandonment



Answer: c. Subrogation

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