Subrogation definition

Subrogation means the right of the insurer to assume the rights of the insured person to recover expenses paid out under the policy that may be recovered from any other source.

Subrogation means the Plan's right to pursue and place a lien upon the Covered Person's claims for medical or dental charges against the other person.

Subrogation means the Plan’s right to pursue the Covered Person’s claims for medical or other charges paid by the Plan against Another Party.

Examples of Subrogation in a sentence

• Upon this Agreement’s execution, CARRIER shall cause its insurance carrier to issue BROKER a completed Insurance Certificate with $1,000,000.00 minimum liability listing Rock On Trucks as Addition Insured, Waiver of Subrogation in favor of Rock On Trucks as respects the Auto, GL, WC and Umbrella liability policies.

• This Waiver of Subrogation requirement shall not apply to any policy, which a condition to the policy specifically prohibits such an endorsement, or voids coverage should the CONTRACTOR enter into such an agreement on a pre-loss basis.

• Waiver of Subrogation - The workers’ compensation policy shall be endorsed to state that the workers’ compensation carrier waives its right of subrogation against the County, its officers, directors, officials, employees, agents or volunteers, which might arise by reason of payment under such policy in connection with performance under this agreement by the CONTRACTOR.

• CONTRACTOR shall submit to COUNTY, along with the certificate of insurance, a Waiver of Subrogation endorsement in favor of COUNTY, its officers, agents, employees and volunteers.

• CONTRACTOR hereby waives any and all rights to Subrogation against the CITY, its officers, employees and agents for each required policy.

More Definitions of Subrogation

Subrogation means the Plan's right to exercise the Covered Person’s rights to Recover or pursue Recovery from a Third Party who is liable to the Covered Person for expenses for which the Plan has paid or may agree to pay benefits.

Subrogation provision, located within the “General Provisions” section of the policy, is hereby deleted and replaced with the following:

Subrogation means right of the state to stand in place of the client in the collection of third party resources (TPR).

Subrogation means we may collect directly from third parties or from proceeds of your recovery from third parties to the extent we have paid on your behalf for illnesses or injury caused by the third party and you have been fully compensated for your loss.  Reimbursement means that you are obligated under the contract to repay any monies advanced by us from amounts you have received on your claim after you have been fully compensated for your loss.

Subrogation means the benefits provided by the Plan are secondary when a Member is entitled to receive money from any other source, including but not limited to any party’s liability insurance or uninsured/underinsured motorist proceeds.

Subrogation means the right of one party to be substituted in place of another party in a lawsuit. See Section 4.5 Third Party Liability of this document for an explanation of how the Plan may use the right of Subrogation to be substituted in place of a covered individual (any Retiree and that person’s eligible Spouse or Dependent Child who has completed all required formalities for enrollment for coverage under the Plan and is actually covered under a Component Benefit of the Plan) in that person’s claim against a third party who wrongfully caused that person’s injury or illness, so that the Plan may recover medical benefits paid if the covered individual recovers any amount from the third party either by way of a settlement or judgment in a lawsuit.

Subrogation means that we may collect directly from the third party to the extent we have paid for third-party liabilities. Because we have paid for the Member’s injuries, we, rather than the Member, are entitled to recover those expenses. Prior to accepting any settlement of the Member’s claim against a third party, the Member must notify us in writing of any terms or conditions offered in settlement and must notify the third party of our interest in the settlement established by this provision.