_______is the right to pursue another party's claim.

A) Indemnity
B) Subrogation
C) Transferable liability
D) Sequential liability

Subrogation

The process by which an insurance company, having paid a loss to its insured, acquires the legal right to pursue any claims the insured may have against a third party responsible for the loss.

Sequential Liability

Sequential liability refers to the responsibility shared among different parties in a sequence, where one party's financial obligations are dependent on the payment or performance of another.