subrogation in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
Subrogation is the legal process by which one party assumes the rights of another to pursue a claim for reimbursement or compensation, typically after paying a debt or insurance claim.
Crossword clues for subrogation
Crossword clue ideas and answer hints for the word "subrogation".
- Legal process of one party taking another's rights.
- Right to pursue a claim after paying a debt.
- Assuming rights to seek reimbursement for a loss.
- Transferring claim rights after financial compensation.
- Replacing one party's claim with another's legal rights.
Subrogation sentence examples
- Subrogation allows an insurance company to pursue a third party for reimbursement after paying a claim.
- In legal terms, subrogation is a process that enables one party to step into the shoes of another to claim their rights.
- The contract included a clause on subrogation, ensuring that the insurer could recover costs from any liable parties.
- After the accident, the insurer exercised its right of subrogation to recoup the money spent on the policyholder's claim.
- Understanding subrogation is crucial for policyholders who want to know their rights and the insurer's actions in claims management.