MLchartDataset catalogue

Waiver of subrogation

Term · Insurance and risk management · MLC-T-INS-003506

An agreement between two parties where one party gives up its right to seek recovery from the other party for losses covered by insurance. In construction, for example, a contractor might waive its right to subrogate against the project owner for damages. This prevents the insurer from pursuing the at-fault party after paying a claim.

Table 1. Record
IdentifierMLC-T-INS-003506
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003506",
  "term": "Waiver of subrogation",
  "field": "Insurance and risk management",
  "definition": "An agreement between two parties where one party gives up its right to seek recovery from the other party for losses covered by insurance. In construction, for example, a contractor might waive its right to subrogate against the project owner for damages. This prevents the insurer from pursuing the at-fault party after paying a claim.",
  "url": "https://mlchart.com/terminology/insurance/waiver-of-subrogation/"
}

Record 3,613 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.