284(3)If a judgment to which this Part applies is rendered against the principal named in the bond filed with the Registrar with respect to injury or damage to any person or property, other than to the owner or driver or to the property of the owner or driver carried on or in a vehicle, and the judgment is not satisfied within fifteen days after it has been rendered, the Registrar shall assign the bond to the judgment creditor or, if an insurer is subrogated under section 266 of the
Insurance Act to all rights of recovery that the judgment creditor has against the judgment debtor, to the subrogated insurer.