MLchartDataset catalogue

Subrogation

Term · Law · MLC-T-LAW-004736

The legal right of an insurer to pursue a third party that caused an insurance loss to the insured. This allows the insurer to recover the amount it paid out on a claim from the responsible party. It prevents the insured from recovering twice for the same loss, once from the insurer and once from the at-fault party.

Table 1. Record
IdentifierMLC-T-LAW-004736
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004736",
  "term": "Subrogation",
  "field": "Law",
  "definition": "The legal right of an insurer to pursue a third party that caused an insurance loss to the insured. This allows the insurer to recover the amount it paid out on a claim from the responsible party. It prevents the insured from recovering twice for the same loss, once from the insurer and once from the at-fault party.",
  "url": "https://mlchart.com/terminology/law/subrogation/"
}

Record 4,835 of 5,445 in Law terminology (MLC-0107). Request the full dataset.