by lakemen » Sat Jul 08, 2006 11:26 am
Subrogation
The legal process by which an insurance company, after paying a loss, seeks to recover the amount of the loss from another party who is legally liable for it.
The legal process by which an insurance company, after paying a loss, seeks to recover the amount of the loss from another party who is legally liable for it.
Posted: Tue Mar 24, 2009 09:58 pm Post Subject: waiver of subrogation
When any of our cusstomers request a 'waiver of subrogation' from any of our insurance carriers, it actually means that there will be 'no' chance of the insurance company being able to go after them for any recovery. Is this basically what that means?
Add your comment