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What is subrogation?

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What is subrogation?

Posted by Pooja Yadav 8 years ago

CBSE > Class 11 > Business Studies

1 answers

Amar Kumar 8 years ago

Subrogation is a legal concept that is particularly relevant to the insurance industry.

Subrogation is a term denoting a legal right reserved by most insurance carriers. Subrogation is the right for an insurer to legally pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim paid by the insurance carrier to the insured for the loss.

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