Indemnity: Subrogation and Contribution

By |2022-09-15T12:42:51+02:00July 16th, 2015|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 […]

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