waiver of subrogation
The relinquishment by an insurer of the right to collect from another party
for damages paid on behalf of the insured. The waiver of subrogation condition
in current standard policies is referred to as "transfer of rights of recovery." See also
Contractual risk transfer;
Risk management techniques.
Links for IRMI Online Subscribers Only:
CAI VIII.F;
CLI V.J;
CPI V.D;
CRT V.B;
IWC IX.E