When an insurance applicant has a financial involvement in an object that is to be insured, this is called

Subrogation is a legal process that allows an insurance company to pursue a third party that caused an insurance loss to the insured. This process occurs after the insurance company has compensated the insured for their loss. While subrogation is related to the claims process, it does not pertain to the insurance applicant's financial interest in the insured object.

Indemnity refers to the principle of compensating the insured for their financial losses up to the insured value, but it does not address whether the applicant has a financial interest in the object. While indemnity is a key feature of insurance contracts, it is not synonymous with having an insurable interest.

Legality of object pertains to the legal status of the item being insured and whether it can be insured under the law. While it is an important aspect of insurance, it does not relate to the financial involvement that an applicant has in the object being insured.