(Solved): 8. Gerry's insured restaurant suffers a loss when a fire breaks out. The fire was caused by faulty ...

8. Gerry's insured restaurant suffers a loss when a fire breaks out. The fire was caused by faulty wiring installed by the electrical contractor when the restaurant was built. Gerry collects from his insurer for this loss, and his insurer then turns to the electrical contractor for reimbursement. This process is called a. Indemnity b. Premium c. Subrogation d. Consideration