Common use of Subrogation and Reimbursement Clause in Contracts

Subrogation and Reimbursement. 1. In the event a Participant is legally entitled to recover all or a portion of the cost of a service or a prescription drug covered by this Plan from a third party, the Employer will, upon making payment under this Plan, succeed to any rights of recovery the Participant may have or acquire (with respect to such service or prescription drug) against any individual or organization except insurers of individual hospital, surgical or medical policies issued to the Participant.

Appears in 5 contracts

Samples: Insurance Agreement, Pension and Insurance Agreement, Insurance Agreement

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