subrogation

English - Turkish

Definition of subrogation in English Turkish dictionary

{i} halefiyet

yerini alma

{i} borçlu iken alacaklı durumuna geçme

Related Terms

subrogation of rights

halefiyet hakkı

total subrogation

topyekün halefiyet

usual subrogation form

genel hukuki devir formu

English - English

Definition of subrogation in English English dictionary

The substitution of a different person in place of a creditor

{n} a putting in the place of another

If your defaulted student loan(s) are not paid back, the United States Department of Education may require the loan(s) to be assigned to them for referral to the Department of Justice for litigation and/or seizure of assets

It is sometimes most expedient to have your insurance company initially pay to repair your vehicle and let them fight with the offending party's insurance over issues of fault When one insurance company pursues another for payment, it is termed subrogation

The right of the underwriter to step into the shoes of the assured following payment of a claim to recover the payment from another party who was responsible for the loss Limited to the amount paid on the policy

(law) the act of substituting of one creditor for another

The legal process by which an insurance company, after paying a loss, seeks to recover the amount of the loss from another party who is legally liable for it After the April 1992 flood in downtown Chicago, for example, several insurers brought action for subrogation against the city of Chicago and its contractor, which had caused the flood by accidentally piercing an underwater tunnel

{i} substitution of one creditor for another

The process of recovering the amount of claims damages paid out to a policyholder from the legally liable party When a company pursues the legally liable third party, they are required to include the policyholder’s deductible in the recovery process

An agreement by which the primary insurer, usually a health insurance company, can collect funds from a patient's other benefits sources (i e auto insurance) as reimbursement for claim costs Not legal in all states

Subrogation is the right of recovery of one party against another party This refers to the rights of the HMO or provider group to recover additional monies from a second insurance policy In managed care, it refers mostly to an obligation of the provider group to use all legal remedies to repay the reinsurer for any claims paid, and whatever else they can collect

The act of subrogating

The assignment of the right of recovery from one party to another For example, if an individual receives treatment for injuries related to and automobile accident, the individual's insurer may file a claim with the responsible party's automobile insurance company Subrogation differs from coordination of benefits (COB) in that under COB the liability is shared between the parties on a contractual or legal basis, as opposed to subrogation which assigns the responsibility to one party

The substitution of another person in place of the creditor to whose rights he succeeds in relation to the debt The doctrine is often used when one person agrees to stand surety for the performance of a contract by another person

The legal right of an insurance company to pursue the responsible party or their insurance company for the amount the insurance company has paid The insurance company may only pursue the legal party once it has paid its insured for their damages

The legal process by which an insurance company seeks from a third party who may have caused the loss, recovery of the amount paid to the insured

The substitution of one person in the place of another as a creditor, the new creditor succeeding to the rights of the former; the mode by which a third person who pays a creditor succeeds to his rights against the debtor

The insurance company's right to recover payment from a negligent party

A plan's right to protect itself against paying when another party is responsible for a claim The plan may pay benefits, but has the right to demand restitution or recovery of payments if the subscriber receives payment or is eligible for payment from a third party This concept is similar to no-fault auto insurance restriction clauses or Worker's Compensation The theory is that the plan should not pay if another party is responsible, but the subscriber should receive benefits until such time as the third party pays

Once a company has paid a loss for which someone other than the policyholder is responsible, it may have the right to recover this loss from the guilty party This right is called subrogation

Right of the employee benefits institution to demand that a participant or his/her dependants assign their claims against any liable third party or its liability insurer to the employee benefits institution in cases of personal injury to such a participant, provided that this right has been stipulated in the regulations

Right of the health plan to recover settlement when a member receives benefits as the result of illness or injury and the member also has a lawful claim against another party or parties for compensation, damages, or other payment

The right of one who has taken over another's loss to also take over his right to pursue remedies against a third party It is never used in Life Insurance and seldom in Health (LE)

You may also have to help the insurer assert its subrogation rights Subrogation means that if an insurer pays you if someone destroys your house, it obtains any legal rights you may have had against the person who did it That means that it can sue the person who harmed you (in some jurisdictions, in your name), and you are obligated under the policy to help the insurer

The right of one party who has paid for the loss of a second party to obtain recompense from the third party who is responsible for the loss For example, an insurance company becomes "subrogated" to the rights of its insured to the extent of the insurer's payment for collision damage caused by the negligence of the other driver

a doctrine that gives an insurance company the right to attempt to recoup some or all of the money they have paid on behalf of insureds They do this by proving that another party was legally responsible for the loss and that the party has the financial ability to reimburse the insurance company

Means by which claims are identified as the responsibility of another insurer since treatment of the condition resulted from the action of an outside party Situations include coverage under another health insurance policy, Worker's Compensation, disability or medical insurance under automobile policies Subrogation literally means the substitution of one person for another Under Subrogation, insurers assume, by operation of law or contract, the rights of the insured against the wrongdoer Where legal, a subrogation right can be asserted when it is determined that an injury was caused by the negligence of another party This allows an insurance carrier to recover medical expenses paid out as a result of such negligence Insurance payment must be made before it can be subrogate

When your insurance company pays for a loss caused by another driver, your company may have the right by law or policy provision to recover an amount of the loss from the other person or their insurer

The substitution of one person in place of another with reference to a lawful claim, demand or right In the case of insurance, this principle of law has been incorporated into all policies Upon payment of a loss to an insured, the insurance company is entitled to the insured's legal and equitable rights against third parties These rights are only those related to the loss, and the company is only entitled to the extent of its loss payment

The substitution of one creditor for another, with the substituted person succeed ing to the legal rights and claims of the original claimant Subrogation is used by title insurers to acquire from the injured party rights to sue in order to recover any claims they have paid

Hyphenation

sub·ro·ga·tion