Indemnity: Subrogation and Contribution

By |2025-02-12T09:01:15+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

The wreck belongs to the insurance company after compensation is paid. Image credit damagemax.com The wreck belongs to the insurance company after compensation is paid. Image credit damagemax.com ZIMSEC O Level Commerce Notes: Insurance: Indemnity: Subrogation and Contribution

Indemnity

  • Is the compensation paid to the insured after they have suffered a loss.
  • It […]