Which of the following is correct with respect to the principle of subrogation as it relates to insurance law?
a. Subrogation refers to the insured right to demand payment from the insurance company if the insured against event takes place.
b. Subrogation refers to the principle that the insured cannot benefit from his own wrong doing.
c. Subrogation refers to the principle that if the insured does not take out enough insurance he will be taken to be responsible for a portion of any loss incurred 
d. Subrogation refers to the principle that if an insurance company pays out on a policy they assume all of the rights of the insured, against the person causing the loss
e. Subrogation refers to the practice of the insurance companies taking out their own insurance where the policy involves potentially large losses or high risk