subrogation

IPA: sˈʌbrʌgˈeɪʃʌn

(law) Substitution of a different person in place of a creditor or claimant with respect to certain rights and duties.

Examples of "subrogation" in Sentences

Indemnity insurer's subrogation rights.
An indemnity insurer has two distinct types of subrogation rights.
An indemnity insurer in fact has two distinct types of subrogation right.
The question before the Supreme Court is whether Can Dive could rely on the waiver of subrogation in the original insurance policy.
Subrogation in its most common usage refers to circumstances in which an insurance company tries to recoup expenses for a claim it paid out when another party should have been responsible for paying at least a portion of that claim.