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subrogation |
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subrogation The substitution of one person for another with respect to legal rights such as a right of recovery; occurs when a third person, such as an insurance company, has paid a debt of another or claim against another and succeeds to all legal rights which the debtor or person against whom the claim was asserted may have against other persons. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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No references found | The court went on: "In contractual subrogation actions, the statute of limitations runs from the date of the injury to the original "rightholder" and not from the date of payment by the subrogee. State Farm paid the homeowner $19,271 and then, as his subrogee, sued Premier and Worldwide. Subrogation interest" includes past, present, and estimated future payments of compensation, medical benefits, rehabilitation costs, or death benefits, and any other costs of expenses paid to, or on behalf of, the claimant by the statutory subrogee. |
Subrogee |
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