Subrogation provision

Term · Insurance and risk management · MLC-T-INS-003229

A clause within an insurance policy that explicitly grants the insurer the right to subrogation. It outlines the conditions under which the insurer can seek recovery from a negligent third party after paying a claim to the insured. This provision reinforces the insurer's ability to minimize its losses and maintain equitable distribution of financial responsibility.

Table 1. Record
Identifier	MLC-T-INS-003229
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-003229",
  "term": "Subrogation provision",
  "field": "Insurance and risk management",
  "definition": "A clause within an insurance policy that explicitly grants the insurer the right to subrogation. It outlines the conditions under which the insurer can seek recovery from a negligent third party after paying a claim to the insured. This provision reinforces the insurer's ability to minimize its losses and maintain equitable distribution of financial responsibility.",
  "url": "https://mlchart.com/terminology/insurance/subrogation-provision/"
}

Record 3,347 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.