Question: Question 7 (5 points) Subrogation is a way in which insurance companies can recover losses. a Explain how insurance companies undertake the 'subrogation' process and

Question 7 (5 points) Subrogation is a way in

Question 7 (5 points) Subrogation is a way in which insurance companies can recover losses. a Explain how insurance companies undertake the 'subrogation' process and how this could potentially affect the cost of policies for customers. 3 Marks b. Demonstrate an example of a third party who may not be affected by subrogation, and a third party who could be caught up in it. 2 Marks

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