5 Which one (1) of the following describes "subrogation"?OA) It is an action by the insurer to recover a loss it has paid from the party responsible for the loss.OB) It is the determination of whether or not the insured has an insurable interest.OC) It is the sharing of a loss between two or more insurers.OD) It is the payment of the claim by the insurer to a third party. RIBO By-law No. 20 outlines the requirements relating to the application for a certificate of registration andinformation changes. Which one (1) of the following changes must be reported to RIBO?OA) A promotion within the office.OB) A change in their earnings.OC) A change in employment from one brokerage to another.OD) If they commence to write commercial lines insurance.

In exchange for periodic premium payments, an insurance firm protects people or organizations from…

Which one (1) of the following describes "subrogation"? OA) It is an action by the insurer to recover a loss it has paid from the party responsible for the loss. OB) It is the determination of whether or not the insured has an insurable interest. OC) It is the sharing of a loss between two or more insurers. OD) It is the payment of the claim by the insurer to a third party.

Which one (1) of the following describes "subrogation"? OA) It is an action by the insurer to recover a loss it has paid from the party responsible for the loss. OB) It is the determination of whether or not the insured has an insurable interest. OC) It is the sharing of a loss between two or more insurers. OD) It is the payment of the claim by the insurer to a third party.