What is subrogation?
Answers:
"The substitution of one person for another, especially the legalized doctrine of substituting one creditor for another."
Other Answers:
Subrogation is best known as a concept of insurance ruling. It can be applied outside the law of insurance, although the standard laws against looking after and champerty would otherwise prevent such an arrangement. When an insurer is required to pay a claimant a sum of money, it is almost other allowed to sue in the pet name of the claimant against any person who be responsible for the loss. This concept allows an insurance company to sue on behalf of its insured if it is required to pay the insured for a loss cause by another person.
Source(s):
http://en.wikipedia.org/wiki/Subrogation
to substitute (one person) for another; esp., to subtitute (one creditor) for another
Source(s):
dictionary
subrogation is when the insurance company go after the responsible party after a claim allowance has be made to their insured.
The substitution of one person for another, especially the endorsed doctrine of substituting one creditor for another.
Source(s):
I think we adjectives have matching dictionary.
subrogation
The right of a person to assume a endorsed claim of another; the right of a person who have paid a liability or duty of another to be indemnified by that person; an insurer's substitution surrounded by place of the insured in high regard to a claim against a third party for indemnification of a loss compensated by the insurer.
Source(s):
http://insurance.cch.com/rupps/subrogation.htm
Subrogation is the process where an insurance company that rewarded a claim files a subsequent claim against somebody (sometimes another insurer) that is at knock in the artistic claim.