subrogation principle
Definition
Legal principle under which an insured party surrenders its rights against a third party to the insurer after claiming and receiving a compensation for an insured loss.
subrogation principle is in the Corporate, Commercial, & General Law and General, Marine, & Life Insurance subjects.
subrogation principle appears in the definition of the following term: ultimate net loss
This content can be found on the following page:
http://www.businessdictionary.com/definition/subrogation-principle.html
email to a friend
print this definition
cite this definition
link to this page






