Exchange Currency

subrogation clause

A clause that allows the insurer to engage in action against a liable third party to recoup any money for a loss the insurer has already paid. Under this clause, the insurer cannot recoup money from both the insured and a third party.

Related information about subrogation clause:
  1. Subrogation - Wikipedia, the free encyclopedia
    ... derivatives as part of the trust's investment strategy, then the derivatives document will also normally contain a subrogation clause to bolster the common law ...
     
  2. Subrogation Clause: Definition from Answers.com
    Subrogation Clause Section of property insurance and liability insurance policies giving an insurer the right to take legal action against a third party.
     
  3. What is subrogation clause? - BusinessDictionary.com
    Definition of subrogation clause: Provision in property and liability (but not life) insurance policies whereby the insurance company acquires certain rights upon ...
     
  4. What Is Subrogation ... and Why Is My Contract Waiving It?
    A waiver of subrogation clause is placed in the professional services contract to ... To insure the effectiveness of the waiver of subrogation clause, the owner and ...
     
  5. The importance of a waiver of subrogation clause in a commercial ...
    Jan 30, 2012 ... A waiver of subrogation provision is one of the most misunderstood, yet critical provisions, in a commercial lease – and one that benefits both ...
     
  6. Subrogation clause in an intercreditor agreement successfully ...
    Jun 1, 2011 ... Our latest alert discusses a recent U.S. District Court decision that may be of interest to anyone drafting or negotiating an intercreditor or ...
     
  7. What is subrogation clause? - InvestorWords.com
    Definition of subrogation clause: A clause that allows the insurer to engage in action against a liable third party to recoup any money for a loss the insurer has ...
     
  8. Subrogation: What it Is and How it Works
    If you are faced with a waiver of subrogation clause in a contract, it is a good idea to consult an attorney before waiving any rights or limiting the amount of ...