Waiver of Subrogation (Group of Related Companies. Where the insured is a parent or subsidiary in a group of related companies, we waive any right of recovery it may have against any other company in the same group. A ‘group of related companies’ means a group of companies related to one another by virtue of such ownership.
Appears in 3 contracts
Samples: 2597761.fs1.hubspotusercontent-na1.net, www.lumley.co.nz, nzi.co.nz
Waiver of Subrogation (Group of Related Companies. Where the insured is a parent or of subsidiary in a group of related companies, we waive any right of recovery it may have against any other company in the same group. A ‘group of related companies’ means a group of companies related to one another by virtue of such ownership.
Appears in 1 contract
Samples: www.iua.co.nz
