What is the meaning of Subrogation in insurance?
1
A form of protection which reimburses an employer for losses caused by dishonest or fraudulent, acts of employees.
2
Fraudulent use or taking of another's property or money which has been entrusted to one's care
3
The transfer of rights and remedies of the insured to insurers who have indemnified the insured in respect of the loss
4
An extra percent of interest credited to an annuity during the first year that it is in force.
5
None of these