Subrogation

(redirected from subrogated)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia, Wikipedia.

Subrogation

An insurance process whereby a company that has paid out to a policyholder for a loss incurred recovers the amount of the loss from the party that is legally liable.

Subrogation

The transfer of a claim or legal right from one party to another. Subrogation is often associated with the transfer of the right to a debt from one person to another. That is, a creditor can give or sell his/her right to a debt to some third party. See also: Forfaiting.

subrogation

The substitution of one party for another.Insurance companies typically have rights of subrogation, so if the insurer pays the property owner for a loss, such as a house fire, and then discovers that loss was the fault of a third party, the insurance company may sue and recover from the third party.

References in periodicals archive ?
The Sherman opinion does not indicate what interest rate was used in the trial court, but Sherman seems to conflict with the Restatement (Third) of Property and with Riverside and Radison Properties, which indicate the subrogated equitable lien amount may include interest at the default rate in the initial loan.
In these cases, even if the public insurer were to take over plan members' claims arising from plan underfunding, sponsors could nevertheless rest assured that, in a bankruptcy, they would, as a practical matter, only have to pay the subrogated pension insurer cents on the dollar.
An argument can be made that this Endorsement makes it even more clear that a drunken lessee is a named insured under his/her own policy, protected from a subrogated claim by the insurer to recover the payout to the lessor at common law.
s insurance policy included a clause that waived the insurance company's right to bring a subrogated claim against the charterers.
Bureau Veritas, the court dismissed a suit by the subrogated cargo insurer, finding there had been no reliance by the cargo owner on the classification certificates issued by the defendant to the vessel owner.
Web-enabled subrogation 4 Griffin Road North tool that helps companies maximize Windsor, CT 06095 subrogated recoveries by automating www.
In this scenario, "the international community" becomes subrogated to the role of "broader constituency" that Mandela evoked indirectly, whose counterpart within the U.
avalista to become subrogated to the note holder's claim against
However, the best interests of the child should not be subrogated to the procedure.
JASMEC), a public agency that makes insurance payments when credit-guarantee associations cannot recover subrogated funds, may deplete its reserves in fiscal 2003 due to increased small business failures, according to government auditors.
If the grantor continues to be personally liable on the mortgage after the property is transferred to a trust, and the trustee can enforce the debt against the grantor and is subrogated to the mortgagee's rights, an argument exists that the gift should be the house's full fair market value, not just the equity.
For not consenting to the divorce, Which afterwards shall be acknowledged unworthy,The King of the Island shall be expelled by force, And another subrogated, who shall have no mark of the King.