Section 572: Provisions relating to subrogation

1) If any person concludes a contract with another person against any possible loss or damage that could be caused by a third person to his or her property, facility, or right enjoyed by him or her or benefit, subrogation that could result from his or her business, the person concluding such a contract shall be liable for such loss or damage irrespective of the person causing such loss or damage.

Provided that if a contract is concluded to recover such loss or damage from any other person, it shall be recovered from such other person.

2) The amount or compensation, if any, specified in the contract for any loss or damage suffered pursuant to sub-section (1) and a reasonable amount or compensation, failing such specification, shall be paid, or caused to be paid, immediately to the person affected by the loss or damage or to his or her successor if he or she is dead.

3) If any loss or damage is suffered pursuant to sub-section (1), the person paying the amount or compensation referred to in sub-section (2) shall be deemed to have subrogated the person who has sustained such loss or damage, and accordingly, the subrogator shall be entitled to the recovery of the amount or compensation for such loss or damage from the person causing such loss or damage.