Page 450 - IC38 GENERAL INSURANCE
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Answer 8
The correct option is III.
On payment of loss, salvage belongs to insurer.
Answer 9
The correct option is III.
Arbitration is a claim settlement process done by arbitrator(s) chosen by the
parties involved.
Answer 10
The correct option is IV.
Insurers under right of subrogation are allowed to recover the loss paid from
shipping companies and railway and road carriers and airlines and port trusts.
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